A-29.011, or(viii)an income replacement benefit payable to the taxpayer under Part 2 of theVeterans Well-being Act, if the amount is determined under subsection 19.1(1), paragraph 23(1)(b) or subsection 26.1(1) of that Act (as modified, where applicable, under Part 5 of that Act);
(A)the amount of any pension, supplement or spouse’s or common-law partner’s allowance under theOld Age Security Actand the amount of any similar payment under a law of a province,(B)the amount of any benefit under theCanada Pension Planor a provincial pension plan as defined in section 3 of that Act,(C)the amount of any payment out of or under a specified pension plan, and(C.1)the amount of any payment out of or under a foreign retirement arrangement established under the laws of a country, except to the extent that the amount would not, if the taxpayer were resident in the country, be subject to income taxation in the country,
(D)the portion of a benefit received out of or under an employee benefit plan that is required by paragraph 6(1)(g) to be included in computing the taxpayer’s income for the year, or would be required to be so included if that paragraph were read without reference to subparagraph 6(1)(g)(ii),(E)the portion of an amount received out of or under a retirement compensation arrangement that is required by paragraph 56(1)(x) or 56(1)(z) to be included in computing the taxpayer’s income for the year,(F)a benefit received under section 71 of theCanada Pension Planor under a similar provision of a provincial pension plan as defined in section 3 of that Act, and(G)an amount received out of or under a registered pension plan as a return of all or a portion of a contribution to the plan to the extent that the amount(I)is a payment made to the taxpayer under subsection 147.1(19) or subparagraph 8502(d)(iii) of theIncome Tax Regulations,and(II)is not deducted in computing the taxpayer’s income for the year or a preceding taxation year,
(I)is a payment made to the taxpayer under subsection 147.1(19) or subparagraph 8502(d)(iii) of theIncome Tax Regulations,and(II)is not deducted in computing the taxpayer’s income for the year or a preceding taxation year,
(i)otherwise required to be included in computing the taxpayer’s income for the year,(ii)with respect to an interest in an annuity contract to which subsection 12.2(1) applies (or would apply if the contract had an anniversary day in the year at a time when the taxpayer held the interest),(iii)received out of or under an annuity contract issued or effected as a TFSA, or(iv)described in subsection 146.5(3) that is not required by that subsection to be included in the taxpayer’s income;
(i)deductible in computing the taxpayer’s income because of paragraph 60(l) or because of subsection 146(5.5) of theIncome Tax Act, chapter 148 of the Revised Statutes of Canada, 1952,(ii)made in circumstances to which subsection 146(21) applied, or(iii)made pursuant to or under a deferred profit sharing plan by a trustee under the plan to purchase the annuity for a beneficiary under the plan;
(i)legal costs awarded to the taxpayer by a court on an appeal in relation to an assessment of any tax, interest or penalties referred to in paragraph 60(o,(ii)reimbursement of costs incurred in relation to a decision of the Canada Employment Insurance Commission under theEmployment Insurance Actor to an appeal of such a decision to the Social Security Tribunal,(iii)reimbursement of costs incurred in relation to an assessment or a decision under theCanada Pension Planor a provincial pension plan as defined in section 3 of that Act,
(i)the total of all amounts (other than amounts described in paragraph 56(1)(q), amounts received in the course of business, and amounts received in respect of, in the course of or by virtue of an office or employment) received by the taxpayer in the year, each of which is an amount received by the taxpayer as or on account of a scholarship, fellowship or bursary, or a prize for achievement in a field of endeavour ordinarily carried on by the taxpayer, other than a prescribed prize,
(ii)the taxpayer’s scholarship exemption for the year computed under subsection (3);(iii)[Repealed, 2001, c. 17, s. 39]
(i)personal or living expenses of the taxpayer except travel expenses (including the entire amount expended for meals and lodging) incurred by the taxpayer while away from home in the course of carrying on the work,(ii)expenses in respect of which the taxpayer has been reimbursed, or(iii)expenses that are otherwise deductible in computing the taxpayer’s income for the year;
(i)earnings supplements provided under a project sponsored by a government or government agency in Canada to encourage individuals to obtain or keep employment,(ii)financial assistance under a program established by the Canada Employment Insurance Commission under Part II of theEmployment Insurance Act,(iii)financial assistance under a program that is(A)established by a government or government agency in Canada or by an organization, and(B)[Repealed, 2022, c. 10, s. 407](C)the subject of an agreement between the government, government agency or organization and the Canada Employment Insurance Commission because of section 63 of that Act,(iv)financial assistance provided under a program established by a government, or government agency, in Canada that provides income replacement benefits similar to income replacement benefits provided under a program established under theEmployment Insurance Act, other than amounts referred to in subparagraph (iv.1),(iv.1)financial assistance provided under(A)theCanada Emergency Response Benefit Act,(B)Part VIII.4 of theEmployment Insurance Act,(C)theCanada Emergency Student Benefit Act,(D)theCanada Recovery Benefits Act,(D.1)theCanada Worker Lockdown Benefit Act, or(E)a program established by a government, or government agency, of a province, that provides income replacement benefits similar to income replacement benefits provided under a program established under an Act referred to in any of clauses (A) to (D), or(v)amounts received by the taxpayer in the year under theWage Earner Protection Program Actin respect of wages (within the meaning of that Act);
(A)established by a government or government agency in Canada or by an organization, and(B)[Repealed, 2022, c. 10, s. 407](C)the subject of an agreement between the government, government agency or organization and the Canada Employment Insurance Commission because of section 63 of that Act,
(A)theCanada Emergency Response Benefit Act,(B)Part VIII.4 of theEmployment Insurance Act,(C)theCanada Emergency Student Benefit Act,(D)theCanada Recovery Benefits Act,(D.1)theCanada Worker Lockdown Benefit Act, or(E)a program established by a government, or government agency, of a province, that provides income replacement benefits similar to income replacement benefits provided under a program established under an Act referred to in any of clauses (A) to (D), or
(i)the taxpayer, other than a married taxpayer or a taxpayer who is in a common-law partnership who resided with the taxpayer’s spouse or common-law partner at the time the grant was received and whose income for the year is less than the taxpayer’s spouse’s or common-law partner’s income for the year, or(ii)the spouse or common-law partner of the taxpayer with whom the taxpayer resided at the time the grant was received, if the spouse’s or common-law partner’s income for the year is less than the taxpayer’s income for the year
(i)the taxpayer, other than a married taxpayer or a taxpayer who is in a common-law partnership who resided with the taxpayer’s spouse or common-law partner at the time the payment was received and whose income for the year is less than the spouse’s or common-law partner’s income for the year, or(ii)the taxpayer’s spouse or common-law partner, if the taxpayer resided with the spouse or common-law partner at the time the payment was received and if the spouse’s or common-law partners income for the year is less than the taxpayer’s income for the year,
(i)under paragraph 12(1)(n.3) to be included in computing the taxpayer’s income for a taxation year, or(ii)under paragraph 56(1)(x) or subsection 70(2) to be included in computing the income for the year of a person resident in Canada other than the taxpayer;
(i)is a payment described under clause 147.5(3)(d)(ii)(A) or (B), and(ii)is not deducted in computing the taxpayer’s income for the year or a preceding taxation year;
(a)the total of all amounts each of which is the amount included under subparagraph (1)(n)(i) in computing the taxpayer’s income for the taxation year in respect of a scholarship, fellowship or bursary received in connection with the taxpayer’s enrolment(i)in an educational program in respect of which the taxpayer is aqualifying student(as defined in subsection 118.6(1)) in the taxation year, in the immediately preceding taxation year or in the following taxation year, or(ii)in an elementary or secondary school educational program,(b)the total of all amounts each of which is the lesser of(i)the amount included under subparagraph (1)(n)(i) in computing the taxpayer’s income for the taxation year in respect of a scholarship, fellowship, bursary or prize that is to be used by the taxpayer in the production of a literary, dramatic, musical or artistic work, and(ii)the total of all amounts each of which is an expense incurred by the taxpayer in the taxation year for the purpose of fulfilling the conditions under which the amount described in subparagraph (i) was received, other than(A)personal or living expenses of the taxpayer (except expenses in respect of travel, meals and lodging incurred by the taxpayer in the course of fulfilling those conditions and while absent from the taxpayer’s usual place of residence for the period to which the scholarship, fellowship, bursary or prize, as the case may be, relates),(B)expenses for which the taxpayer is entitled to be reimbursed, and(C)expenses that are otherwise deductible in computing the taxpayer’s income, and(c)the lesser of $500 and the amount by which the total described in subparagraph (1)(n)(i) for the taxation year exceeds the total of the amounts determined under paragraphs (a) and (b).
(i)in an educational program in respect of which the taxpayer is aqualifying student(as defined in subsection 118.6(1)) in the taxation year, in the immediately preceding taxation year or in the following taxation year, or(ii)in an elementary or secondary school educational program,
(i)the amount included under subparagraph (1)(n)(i) in computing the taxpayer’s income for the taxation year in respect of a scholarship, fellowship, bursary or prize that is to be used by the taxpayer in the production of a literary, dramatic, musical or artistic work, and(ii)the total of all amounts each of which is an expense incurred by the taxpayer in the taxation year for the purpose of fulfilling the conditions under which the amount described in subparagraph (i) was received, other than(A)personal or living expenses of the taxpayer (except expenses in respect of travel, meals and lodging incurred by the taxpayer in the course of fulfilling those conditions and while absent from the taxpayer’s usual place of residence for the period to which the scholarship, fellowship, bursary or prize, as the case may be, relates),(B)expenses for which the taxpayer is entitled to be reimbursed, and(C)expenses that are otherwise deductible in computing the taxpayer’s income, and
(A)personal or living expenses of the taxpayer (except expenses in respect of travel, meals and lodging incurred by the taxpayer in the course of fulfilling those conditions and while absent from the taxpayer’s usual place of residence for the period to which the scholarship, fellowship, bursary or prize, as the case may be, relates),(B)expenses for which the taxpayer is entitled to be reimbursed, and(C)expenses that are otherwise deductible in computing the taxpayer’s income, and
(a)a scholarship, fellowship or bursary (in this subsection referred to as an “award”) is not considered to be received in connection with the taxpayer’s enrolment in an educational program described in subparagraph (3)(a)(i) except to the extent that it is reasonable to conclude that the award is intended to support the taxpayer’s enrolment in the program, having regard to all the circumstances, including the terms and conditions that apply in respect of the award, the duration of the program and the period for which support is intended to be provided; and(b)if an award is received in connection with an educational program in respect of which the taxpayer is a qualifying student because of subparagraph (a)(ii) of the definitionqualifying studentin subsection 118.6(1) in the taxation year, in the immediately preceding taxation year or in the following taxation year (in this paragraph referred to as theclaim year), the amount included under subparagraph (1)(n)(i) in computing the taxpayer’s income for the taxation year in respect of the award may not exceed the amount that is the total of amounts, each of which is the cost of materials related to the program or a fee paid to adesignated educational institutionin respect of the program, as defined in subsection 118.6(1), in respect of the claim year.
(a)a particular individual (other than a trust) or a trust in which the particular individual is beneficially interested has, directly or indirectly by means of a trust or by any means whatever, received a loan from or become indebted to(i)another individual (in this subsection referred to as the “creditor”) who(A)does not deal at arm’s length with the particular individual, and(B)is not a trust, or(ii)a trust (in this subsection referred to as the “creditor trust”) to which another individual (in this subsection referred to as the “original transferor”) who(A)does not deal at arm’s length with the particular individual,(B)was resident in Canada at any time in the period during which the loan or indebtedness is outstanding, and(C)is not a trust,has directly or indirectly by means of a trust or by any means whatever, transferred property, and(b)it can reasonably be considered that one of the main reasons for making the loan or incurring the indebtedness was to reduce or avoid tax by causing income from(i)the loaned property,(ii)property that the loan or indebtedness enabled or assisted the particular individual, or the trust in which the particular individual is beneficially interested, to acquire, or(iii)property substituted for property referred to in subparagraph 56(4.1)(b)(i) or 56(4.1)(b)(ii)to be included in the income of the particular individual,
(i)another individual (in this subsection referred to as the “creditor”) who(A)does not deal at arm’s length with the particular individual, and(B)is not a trust, or(ii)a trust (in this subsection referred to as the “creditor trust”) to which another individual (in this subsection referred to as the “original transferor”) who(A)does not deal at arm’s length with the particular individual,(B)was resident in Canada at any time in the period during which the loan or indebtedness is outstanding, and(C)is not a trust,has directly or indirectly by means of a trust or by any means whatever, transferred property, and
(A)does not deal at arm’s length with the particular individual, and(B)is not a trust, or
(A)does not deal at arm’s length with the particular individual,(B)was resident in Canada at any time in the period during which the loan or indebtedness is outstanding, and(C)is not a trust,
(i)the loaned property,(ii)property that the loan or indebtedness enabled or assisted the particular individual, or the trust in which the particular individual is beneficially interested, to acquire, or(iii)property substituted for property referred to in subparagraph 56(4.1)(b)(i) or 56(4.1)(b)(ii)
(c)any income of the particular individual for a taxation year from the property referred to in paragraph 56(4.1)(b) that relates to the period or periods in the year throughout which the creditor or the creditor trust, as the case may be, was resident in Canada and the particular individual was not dealing at arm’s length with the creditor or the original transferor, as the case may be, shall be deemed,(i)where subparagraph 56(4.1)(a)(i) applies, to be income of the creditor for that year and not of the particular individual except to the extent that(A)section 74.1 applies or would, but for subsection 74.5(3), apply, or(B)subsection 75(2) appliesto that income, and(ii)where subparagraph 56(4.1)(a)(ii) applies, to be income of the creditor trust for that year and not of the particular individual except to the extent that(A)subparagraph 56(4.1)(c)(i) applies,(B)section 74.1 applies or would, but for subsection 74.5(3), apply, or(C)subsection 75(2) applies (otherwise than because of paragraph 56(4.1)(d))to that income; and(d)where subsection 75(2) applies to any of the property referred to in paragraph 56(4.1)(b) and subparagraph 56(4.1)(c)(ii) applies to income from the property, subsection 75(2) applies after subparagraph 56(4.1)(c)(ii) is applied.
(i)where subparagraph 56(4.1)(a)(i) applies, to be income of the creditor for that year and not of the particular individual except to the extent that(A)section 74.1 applies or would, but for subsection 74.5(3), apply, or(B)subsection 75(2) appliesto that income, and(ii)where subparagraph 56(4.1)(a)(ii) applies, to be income of the creditor trust for that year and not of the particular individual except to the extent that(A)subparagraph 56(4.1)(c)(i) applies,(B)section 74.1 applies or would, but for subsection 74.5(3), apply, or(C)subsection 75(2) applies (otherwise than because of paragraph 56(4.1)(d))to that income; and
(A)section 74.1 applies or would, but for subsection 74.5(3), apply, or(B)subsection 75(2) applies
(A)subparagraph 56(4.1)(c)(i) applies,(B)section 74.1 applies or would, but for subsection 74.5(3), apply, or(C)subsection 75(2) applies (otherwise than because of paragraph 56(4.1)(d))
(a)interest was charged on the loan or indebtedness at a rate equal to or greater than the lesser of(i)the prescribed rate of interest in effect at the time the loan was made or the indebtedness arose, and(ii)the rate that would, having regard to all the circumstances, have been agreed on, at the time the loan was made or the indebtedness arose, between parties dealing with each other at arm’s length;(b)the amount of interest that was payable in respect of the particular year in respect of the loan or indebtedness was paid not later than 30 days after the end of the particular year; and(c)the amount of interest that was payable in respect of each taxation year preceding the particular year in respect of the loan or indebtedness was paid not later than 30 days after the end of each of those preceding taxation years.
(i)the prescribed rate of interest in effect at the time the loan was made or the indebtedness arose, and(ii)the rate that would, having regard to all the circumstances, have been agreed on, at the time the loan was made or the indebtedness arose, between parties dealing with each other at arm’s length;
(a)the taxpayer, if(i)the taxpayer does not have acohabiting spouse or common-law partner(within the meaning assigned by section 122.6) at the end of the year and the taxpayer does not make a designation under subsection (6.1) for the taxation year, or(ii)the income, for the taxation year, of the person who is the taxpayer’s cohabiting spouse or common-law partner at the end of the taxation year is equal to or greater than the income of the taxpayer for the taxation year;(b)the taxpayer’s cohabiting spouse or common-law partner at the end of the taxation year, if the income of the cohabiting spouse or common-law partner for the taxation year is greater than the taxpayer’s income for the taxation year; or(c)an individual who makes a designation under subsection (6.1) in respect of the taxpayer for the taxation year.
(i)the taxpayer does not have acohabiting spouse or common-law partner(within the meaning assigned by section 122.6) at the end of the year and the taxpayer does not make a designation under subsection (6.1) for the taxation year, or(ii)the income, for the taxation year, of the person who is the taxpayer’s cohabiting spouse or common-law partner at the end of the taxation year is equal to or greater than the income of the taxpayer for the taxation year;
(a)if the taxpayer deducts an amount for the taxation year under subsection 118(1) because of paragraph (b) of the description of B in that subsection in respect of an individual, the individual; or(b)in any other case, a child who is aqualified dependant(as defined in section 2 of theUniversal Child Care Benefit Act) of the taxpayer.
(a)one or more amounts(i)are received by an individual (other than a trust) in a taxation year as, on account of, in lieu of payment of or in satisfaction of, any benefit under theCanada Pension Planor a provincial pension plan as defined in section 3 of that Act, or(ii)would be, but for this subsection, included in computing the income of an individual for a taxation year under subsection (6), and(b)a portion, not less than $300, of the total of those amounts relates to one or more preceding taxation years,
(i)are received by an individual (other than a trust) in a taxation year as, on account of, in lieu of payment of or in satisfaction of, any benefit under theCanada Pension Planor a provincial pension plan as defined in section 3 of that Act, or(ii)would be, but for this subsection, included in computing the income of an individual for a taxation year under subsection (6), and
(a)the retirement compensation arrangement shall be deemed to be a separate arrangement independent of other parts of the plan of which it is a part; and(b)subject to subsection 6(14), amounts paid out of or under the plan shall be deemed to have first been paid out of the retirement compensation arrangement unless a provision in the plan otherwise provides.
(a)disposes of property to a person for consideration less than the fair market value of the property at the time of the disposition, or for no consideration,(b)acquires property from a person for consideration greater than the fair market value of the property at the time of the acquisition, or(c)permits a person to use or enjoy property of the trust for no consideration or for consideration less than the fair market value of such use or enjoyment,
[NOTE: Application provisions are not included in the consolidated textsee relevant amending Acts and regulations.]R.S., 1985, c. 1 (5th Supp.), s. 561994, c. 7, Sch