If the Minister of Finance does not specify a particular amount that is relevant for the purposes of this section, that particular amount is deemed to be nil for the purpose of applying this section.Marginal note:Deemed rebate in respect of fuel charges(6)The amount deemed by this section to have been paid during a specified month on account of tax payable for a taxation year is deemed to have been paid during the specified month as a rebate in respect of charges levied under Part 1 of theGreenhouse Gas Pollution Pricing Actin respect of the relevant province.Marginal note:Only one eligible individual(7)If an individual is a qualified relation of another individual in relation to a month specified for a taxation year and both those individuals would be, but for this subsection, eligible individuals in relation to the specified month, only the individual that the Minister designates is the eligible individual in relation to the specified month.Marginal note:Exception — qualified dependant(8)If a person would, if this Act were read without reference to this subsection, be the qualified dependant of two or more individuals, in relation to a month specified for a taxation year,(a)the person is deemed to be a qualified dependant, in relation to that month, of the one of those individuals on whom those individuals agree;(b)in the absence of an agreement referred to in paragraph (a), the person is deemed to be, in relation to that month, a qualified dependant of the individuals, if any, who are, at the beginning of that month,eligible individuals(as defined in section 122.6, but the definitionqualified dependantin that section having the meaning assigned by subsection (1)) in respect of that person; and(c)in any other case, the person is deemed to be, in relation to that month, a qualified dependant only of the individual that the Minister designates.Marginal note:Notification to Minister(8.1)An individual shall notify the Minister of the occurrence of any of the following events before the end of the month following the month in which the event occurs:(a)the individual ceases to be an eligible individual;(b)a person becomes or ceases to be the individual’s qualified relation; and(c)a person ceases to be a qualified dependant of the individual, otherwise than because of attaining the age of 19 years.Marginal note:Effect of bankruptcy(9)For the purposes of this section, if an individual becomes bankrupt in a particular calendar year, notwithstanding subsection 128(2), any reference to the taxation year of the individual (other than in this subsection) is deemed to be a reference to the particular calendar year.
(a)has, before the specified month, attained the age of 19 years; or(b)was, at any time before the specified month,(i)a parent who resided with their child, or(ii)married or in a common-law partnership. (particulier admissible)
(i)a parent who resided with their child, or(ii)married or in a common-law partnership. (particulier admissible)
(a)is the individual’s child or is dependent for support on the individual or on the individual’s cohabiting spouse or common-law partner;(b)resides with the individual;(c)is under the age of 19 years;(d)is not an eligible individual in relation to the specified month; and(e)is not a qualified relation of any individual in relation to the specified month. (personne à charge admissible)
(a)died before the specified month;(b)is confined to a prison or similar institution for a period of at least 90 days that includes the first day of the specified month;(c)is at the beginning of the specified month a non-resident person, other than a non-resident person who(i)is at that time the cohabiting spouse or common-law partner of a person who is deemed under subsection 250(1) to be resident in Canada throughout the taxation year that includes the first day of the specified month, and(ii)was resident in Canada at any time before the specified month;(d)is at the beginning of the specified month a person described in paragraph 149(1)(a) or (b); or(e)is a person in respect of whom a special allowance under theChildren’s Special Allowances Actis payable for the specified month.
(i)is at that time the cohabiting spouse or common-law partner of a person who is deemed under subsection 250(1) to be resident in Canada throughout the taxation year that includes the first day of the specified month, and(ii)was resident in Canada at any time before the specified month;
(a)the amount specified by the Minister of Finance for a qualified relation in relation to the specified month for the relevant province, if(i)the eligible individual has a qualified relation at the beginning of the specified month, or(ii)subparagraph (i) does not apply and the eligible individual has a qualified dependant at the beginning of the specified month, and(b)in any other case, nil;
(i)the eligible individual has a qualified relation at the beginning of the specified month, or(ii)subparagraph (i) does not apply and the eligible individual has a qualified dependant at the beginning of the specified month, and
(a)1.1, if there is a census metropolitan area, as determined in the last census published by Statistics Canada before the taxation year, in the relevant province and the individual does not reside in a census metropolitan area at the beginning of the specified month, and(b)1, in any other case.
(a)the person is deemed to be a qualified dependant, in relation to that month, of the one of those individuals on whom those individuals agree;(b)in the absence of an agreement referred to in paragraph (a), the person is deemed to be, in relation to that month, a qualified dependant of the individuals, if any, who are, at the beginning of that month,eligible individuals(as defined in section 122.6, but the definitionqualified dependantin that section having the meaning assigned by subsection (1)) in respect of that person; and(c)in any other case, the person is deemed to be, in relation to that month, a qualified dependant only of the individual that the Minister designates.
(a)the individual ceases to be an eligible individual;(b)a person becomes or ceases to be the individual’s qualified relation; and(c)a person ceases to be a qualified dependant of the individual, otherwise than because of attaining the age of 19 years.
[NOTE: Application provisions are not included in the consolidated textsee relevant amending Acts and regulations.]2014, c. 39, s. 392016, c. 7, s. 322018, c. 27, s. 132022, c. 10, s. 11
122.9(1)The following definitions apply in this section.eligible educatoreligible educator, in respect of a taxation year, means an individual who, at any time during the taxation year,(a)is employed in Canada as a teacher or an early childhood educator at(i)an elementary or secondary school, or(ii)a regulated child care facility; and(b)holds a valid and recognized (in the province or territory in which the individual is employed)(i)teaching certificate, licence, permit or diploma, or(ii)certificate or diploma in early childhood education. (éducateur admissible)eligible supplies expenseeligible supplies expense, of an eligible educator for a taxation year, means an amount (other than any amount deducted in computing any person’s income for any taxation year or any amount otherwise included in computing a deduction from any person’s tax payable under this Act for any taxation year) paid by the eligible educator in the taxation year for teaching supplies to the extent that(a)the teaching supplies were(i)purchased by the eligible educator for the purpose of teaching or facilitating students’ learning, and(ii)directly consumed or used in the performance of the duties of the eligible educator’s employment; and(b)the eligible educator is not entitled to receive a reimbursement, allowance or any other form of assistance (other than an amount that is included in computing the income for any taxation year of the eligible educator and that is not deductible in computing the taxable income of the eligible educator) in respect of the amount paid. (dépense admissible)return of incomereturn of incomefiled by an eligible educator for a taxation year means a return of income (other than a return of income filed under subsection 70(2) or 104(23), paragraph 128(2)(e) or subsection 150(4)) that is required to be filed for the year or that would be required to be filed if the eligible educator had tax payable under this Part for the year. (déclaration de revenu)teaching suppliesteaching suppliesmeans(a)consumable supplies; and(b)prescribed durable goods. (fournitures scolaires)Marginal note:Deemed overpayment(2)An eligible educator who files a return of income for a taxation year and who makes a claim under this subsection is deemed to have paid, at the end of the year, on account of tax payable under this Part for the year, an amount equal to 25% of the least of(a)$1,000;(b)the total of all amounts each of which is an eligible supplies expense of the eligible educator for the year; and(c)if the eligible educator fails to provide the certificate referred to in subsection (3) in respect of the year, as and when requested by the Minister, nil.Marginal note:Certificate(3)If the Minister so demands, an eligible educator making a claim under this section in respect of a taxation year shall provide to the Minister a written certificate from their employer, or a delegated official of the employer, attesting to the eligible supplies expenses of the eligible educator for the year.Marginal note:Effect of bankruptcy(4)For the purposes of this Subdivision, if an eligible educator becomes bankrupt in a particular calendar year, notwithstanding subsection 128(2), any reference to the taxation year of the eligible educator (other than in this subsection) is deemed to be a reference to the particular calendar year.Marginal note:Part-year residents(5)If an eligible educator is resident in Canada throughout part of a taxation year and is non-resident throughout another part of the year, the total of the amounts that are deemed to be paid by the eligible educator under subsection (2) for the year cannot exceed the lesser of(a)the total of(i)the amounts deemed to be paid under subsection (2) that can reasonably be considered as wholly applicable to the period or periods in the year throughout which the eligible educator is not resident in Canada, computed as though that period or those periods were the whole taxation year, and(ii)the amounts deemed to be paid under subsection (2) that can reasonably be considered as wholly applicable to the period or periods in the year throughout which the eligible educator is resident in Canada, computed as though that period or those periods were the whole taxation year; and(b)the total of the amounts that would have been deemed to have been paid under subsection (2) for the year had the eligible educator been resident in Canada throughout the year.Marginal note:Non-residents(6)Subsection (2) does not apply in respect of a taxation year of an eligible educator if the eligible educator is, at no time in the year, resident in Canada, unless all or substantially all the eligible educator’s income for the year is included in computing the eligible educator’s taxable income earned in Canada for the year.
(a)is employed in Canada as a teacher or an early childhood educator at(i)an elementary or secondary school, or(ii)a regulated child care facility; and(b)holds a valid and recognized (in the province or territory in which the individual is employed)(i)teaching certificate, licence, permit or diploma, or(ii)certificate or diploma in early childhood education. (éducateur admissible)
(i)an elementary or secondary school, or(ii)a regulated child care facility; and
(i)teaching certificate, licence, permit or diploma, or(ii)certificate or diploma in early childhood education. (éducateur admissible)
(a)the teaching supplies were(i)purchased by the eligible educator for the purpose of teaching or facilitating students’ learning, and(ii)directly consumed or used in the performance of the duties of the eligible educator’s employment; and(b)the eligible educator is not entitled to receive a reimbursement, allowance or any other form of assistance (other than an amount that is included in computing the income for any taxation year of the eligible educator and that is not deductible in computing the taxable income of the eligible educator) in respect of the amount paid. (dépense admissible)
(i)purchased by the eligible educator for the purpose of teaching or facilitating students’ learning, and(ii)directly consumed or used in the performance of the duties of the eligible educator’s employment; and
(a)consumable supplies; and(b)prescribed durable goods. (fournitures scolaires)
(a)$1,000;(b)the total of all amounts each of which is an eligible supplies expense of the eligible educator for the year; and(c)if the eligible educator fails to provide the certificate referred to in subsection (3) in respect of the year, as and when requested by the Minister, nil.
(a)the total of(i)the amounts deemed to be paid under subsection (2) that can reasonably be considered as wholly applicable to the period or periods in the year throughout which the eligible educator is not resident in Canada, computed as though that period or those periods were the whole taxation year, and(ii)the amounts deemed to be paid under subsection (2) that can reasonably be considered as wholly applicable to the period or periods in the year throughout which the eligible educator is resident in Canada, computed as though that period or those periods were the whole taxation year; and(b)the total of the amounts that would have been deemed to have been paid under subsection (2) for the year had the eligible educator been resident in Canada throughout the year.
(i)the amounts deemed to be paid under subsection (2) that can reasonably be considered as wholly applicable to the period or periods in the year throughout which the eligible educator is not resident in Canada, computed as though that period or those periods were the whole taxation year, and(ii)the amounts deemed to be paid under subsection (2) that can reasonably be considered as wholly applicable to the period or periods in the year throughout which the eligible educator is resident in Canada, computed as though that period or those periods were the whole taxation year; and
[NOTE: Application provisions are not included in the consolidated textsee relevant amending Acts and regulations.]2016, c. 7, s. 332022, c. 5, s. 4
122.91(1)An individual who is resident in Canada throughout a taxation year, files a return of income for the taxation year and makes a claim under this subsection is deemed to have paid, at the end of the taxation year, on account of tax payable under this Part for the taxation year, an amount claimed by the individual that does not exceed the lesser of(a)the training amount limit of the individual for the taxation year, and(b)50% of the amount that would be deductible under paragraph 118.5(1)(a) or (d) in computing the individual’s tax payable under this Part for the taxation year if(i)this Act were read without reference to subsections 118.5(1.2) and (2), and(ii)the appropriate percentage for the taxation year were 100%.Marginal note:Training amount limit(2)For the purposes of this section, the training amount limit of an individual for a taxation year is(a)if the taxation year is after 2019 and the individual has attained the age of 26 years, and has not attained the age of 66 years, before the end of the taxation year, the lesser of(i)the amount determined by the formulaA + B − CwhereAis the individual’s training amount limit for the preceding taxation year,Bis(A)$250, if(I)the individual has filed a return of income for the preceding taxation year,(II)the individual was resident in Canada throughout the preceding taxation year,(III)the total of the following amounts is greater than or equal to $10,000:1the amount that would be the individual’sworking income(as defined in subsection 122.7(1)) for the preceding taxation year, if this Act were read without reference to paragraph 81(1)(a) and subsection 81(4),2the total of all amounts each of which is an amount payable to the individual under subsection 22(1), 23(1), 152.04(1) or 152.05(1) of theEmployment Insurance Actin the preceding taxation year, and3the amount that would be included in the individual’s income because of subparagraph 56(1)(a)(vii) in computing the individual’s income for the preceding taxation year, if this Act were read without reference to paragraph 81(1)(a), and(IV)the individual’s income for the preceding taxation year under this Part does not exceed the higher dollar amount referred to in paragraph 117(2)(c), as adjusted under this Act for the preceding taxation year, and(B)nil, in any other case, andCis the amount deemed to have been paid by the individual under subsection (1) in respect of the preceding taxation year, and(ii)the amount determined by the formula$5,000 − DwhereDis the total of all amounts deemed to have been paid by the individual under subsection (1) in respect of a preceding taxation year; and(b)nil, in any other case.Marginal note:Effect of bankruptcy(3)For the purpose of this Subdivision, if an individual becomes bankrupt in a particular calendar year,(a)notwithstanding subsection 128(2), any reference to the taxation year of the individual (other than in this subsection) is deemed to be a reference to the particular calendar year; and(b)the individual’s working income and income under this Part for the taxation year ending on December 31 of the particular calendar year is deemed to include the individual’s working income and the income under this Part for the taxation year that begins on January 1 of the particular calendar year.Marginal note:Special rules in the event of death(4)For the purposes of this section, if an individual dies in a calendar year,(a)the individual is deemed to be resident in Canada from the time of death until the end of the year;(b)the individual is deemed to be the same age at the end of the year as the individual would have been if the individual were alive at the end of the year; and(c)any return of income filed by a legal representative of the individual is deemed to be a return of income filed by the individual.
(a)the training amount limit of the individual for the taxation year, and(b)50% of the amount that would be deductible under paragraph 118.5(1)(a) or (d) in computing the individual’s tax payable under this Part for the taxation year if(i)this Act were read without reference to subsections 118.5(1.2) and (2), and(ii)the appropriate percentage for the taxation year were 100%.
(i)this Act were read without reference to subsections 118.5(1.2) and (2), and(ii)the appropriate percentage for the taxation year were 100%.
(a)if the taxation year is after 2019 and the individual has attained the age of 26 years, and has not attained the age of 66 years, before the end of the taxation year, the lesser of(i)the amount determined by the formulaA + B − CwhereAis the individual’s training amount limit for the preceding taxation year,Bis(A)$250, if(I)the individual has filed a return of income for the preceding taxation year,(II)the individual was resident in Canada throughout the preceding taxation year,(III)the total of the following amounts is greater than or equal to $10,000:1the amount that would be the individual’sworking income(as defined in subsection 122.7(1)) for the preceding taxation year, if this Act were read without reference to paragraph 81(1)(a) and subsection 81(4),2the total of all amounts each of which is an amount payable to the individual under subsection 22(1), 23(1), 152.04(1) or 152.05(1) of theEmployment Insurance Actin the preceding taxation year, and3the amount that would be included in the individual’s income because of subparagraph 56(1)(a)(vii) in computing the individual’s income for the preceding taxation year, if this Act were read without reference to paragraph 81(1)(a), and(IV)the individual’s income for the preceding taxation year under this Part does not exceed the higher dollar amount referred to in paragraph 117(2)(c), as adjusted under this Act for the preceding taxation year, and(B)nil, in any other case, andCis the amount deemed to have been paid by the individual under subsection (1) in respect of the preceding taxation year, and(ii)the amount determined by the formula$5,000 − DwhereDis the total of all amounts deemed to have been paid by the individual under subsection (1) in respect of a preceding taxation year; and(b)nil, in any other case.
(i)the amount determined by the formulaA + B − CwhereAis the individual’s training amount limit for the preceding taxation year,Bis(A)$250, if(I)the individual has filed a return of income for the preceding taxation year,(II)the individual was resident in Canada throughout the preceding taxation year,(III)the total of the following amounts is greater than or equal to $10,000:1the amount that would be the individual’sworking income(as defined in subsection 122.7(1)) for the preceding taxation year, if this Act were read without reference to paragraph 81(1)(a) and subsection 81(4),2the total of all amounts each of which is an amount payable to the individual under subsection 22(1), 23(1), 152.04(1) or 152.05(1) of theEmployment Insurance Actin the preceding taxation year, and3the amount that would be included in the individual’s income because of subparagraph 56(1)(a)(vii) in computing the individual’s income for the preceding taxation year, if this Act were read without reference to paragraph 81(1)(a), and(IV)the individual’s income for the preceding taxation year under this Part does not exceed the higher dollar amount referred to in paragraph 117(2)(c), as adjusted under this Act for the preceding taxation year, and(B)nil, in any other case, andCis the amount deemed to have been paid by the individual under subsection (1) in respect of the preceding taxation year, and(ii)the amount determined by the formula$5,000 − DwhereDis the total of all amounts deemed to have been paid by the individual under subsection (1) in respect of a preceding taxation year; and
(A)$250, if(I)the individual has filed a return of income for the preceding taxation year,(II)the individual was resident in Canada throughout the preceding taxation year,(III)the total of the following amounts is greater than or equal to $10,000:1the amount that would be the individual’sworking income(as defined in subsection 122.7(1)) for the preceding taxation year, if this Act were read without reference to paragraph 81(1)(a) and subsection 81(4),2the total of all amounts each of which is an amount payable to the individual under subsection 22(1), 23(1), 152.04(1) or 152.05(1) of theEmployment Insurance Actin the preceding taxation year, and3the amount that would be included in the individual’s income because of subparagraph 56(1)(a)(vii) in computing the individual’s income for the preceding taxation year, if this Act were read without reference to paragraph 81(1)(a), and(IV)the individual’s income for the preceding taxation year under this Part does not exceed the higher dollar amount referred to in paragraph 117(2)(c), as adjusted under this Act for the preceding taxation year, and(B)nil, in any other case, and
(I)the individual has filed a return of income for the preceding taxation year,(II)the individual was resident in Canada throughout the preceding taxation year,(III)the total of the following amounts is greater than or equal to $10,000:1the amount that would be the individual’sworking income(as defined in subsection 122.7(1)) for the preceding taxation year, if this Act were read without reference to paragraph 81(1)(a) and subsection 81(4),2the total of all amounts each of which is an amount payable to the individual under subsection 22(1), 23(1), 152.04(1) or 152.05(1) of theEmployment Insurance Actin the preceding taxation year, and3the amount that would be included in the individual’s income because of subparagraph 56(1)(a)(vii) in computing the individual’s income for the preceding taxation year, if this Act were read without reference to paragraph 81(1)(a), and(IV)the individual’s income for the preceding taxation year under this Part does not exceed the higher dollar amount referred to in paragraph 117(2)(c), as adjusted under this Act for the preceding taxation year, and
1the amount that would be the individual’sworking income(as defined in subsection 122.7(1)) for the preceding taxation year, if this Act were read without reference to paragraph 81(1)(a) and subsection 81(4),2the total of all amounts each of which is an amount payable to the individual under subsection 22(1), 23(1), 152.04(1) or 152.05(1) of theEmployment Insurance Actin the preceding taxation year, and3the amount that would be included in the individual’s income because of subparagraph 56(1)(a)(vii) in computing the individual’s income for the preceding taxation year, if this Act were read without reference to paragraph 81(1)(a), and
(a)notwithstanding subsection 128(2), any reference to the taxation year of the individual (other than in this subsection) is deemed to be a reference to the particular calendar year; and(b)the individual’s working income and income under this Part for the taxation year ending on December 31 of the particular calendar year is deemed to include the individual’s working income and the income under this Part for the taxation year that begins on January 1 of the particular calendar year.
(a)the individual is deemed to be resident in Canada from the time of death until the end of the year;(b)the individual is deemed to be the same age at the end of the year as the individual would have been if the individual were alive at the end of the year; and(c)any return of income filed by a legal representative of the individual is deemed to be a return of income filed by the individual.
[NOTE: Application provisions are not included in the consolidated textsee relevant amending Acts and regulations.]2019, c. 29, s. 21
122.92(1)The following definitions apply in this section.eligible dwellingeligible dwelling, of a qualifying individual, for a renovation period taxation year, means a housing unit (including the land subjacent to the housing unit and the immediately contiguous land, but not including the portion of that land that exceeds the greater of ½ hectare and the portion of that land that is necessary for the use and enjoyment of the housing unit as a residence) located in Canada if(a)the qualifying individual or a qualifying relation of the qualifying individual (or a trust under which the qualifying individual or a qualifying relation is a beneficiary) owns — whether jointly with another person or otherwise — at any time in the renovation period taxation year, the housing unit; and(b)the housing unit is ordinarily inhabited, or is reasonably expected to be ordinarily inhabited, within 12 months after the end of the renovation period(i)by the qualifying individual, and(ii)by a qualifying relation of the qualifying individual. (logement admissible)eligible individualeligible individual, in respect of an eligible dwelling for a renovation period taxation year, means(a)an individual who ordinarily resides, or intends to ordinarily reside, in the eligible dwelling within 12 months after the end of the renovation period in respect of a qualifying renovation of the eligible dwelling and who is(i)a qualifying individual,(ii)thecohabiting spouse or common-law partner(as defined in section 122.6) of a qualifying individual at any time in the renovation period taxation year, or(iii)a qualifying relation of a qualifying individual; or(b)an individual who(i)is a qualifying relation of a qualifying individual, and(ii)owns the eligible dwelling or is the beneficiary of a trust that owns the eligible dwelling. (particulier admissible)individualindividualdoes not include a trust. (particulier)qualifying expenditurequalifying expenditure, of an individual, means a reasonable outlay or expense that(a)is directly attributable to a qualifying renovation of an eligible dwelling in respect of which the individual is an eligible individual;(b)is made or incurred by the individual before the end of the renovation period in respect of the qualifying renovation referred to in paragraph (a);(c)is the cost of goods acquired or services received, including an outlay or expense for permits required for, or for the rental of equipment used in the course of, the qualifying renovation; and(d)is not an outlay or expense(i)for the cost of annual, recurring or routine repair or maintenance,(ii)to acquire a household appliance,(iii)to acquire an electronic home-entertainment device,(iv)that is the cost of housekeeping, security monitoring, gardening, outdoor maintenance or similar services,(v)for financing costs in respect of the qualifying renovation,(vi)in respect of goods or services provided by a person not dealing at arm’s length with the individual, unless the person is registered for the purposes of Part IX of theExcise Tax Act, or(vii)that can reasonably be considered to have been reimbursed. (dépense admissible)qualifying individualqualifying individual, in respect of a renovation period taxation year, means an individual who has attained the age of(a)65 years before the end of the renovation period taxation year; or(b)18 years before the end of the renovation period taxation year and in respect of whom an amount is deductible, or would be deductible if this Act were read without reference to paragraph 118.3(1)(c), under section 118.3 in computing a taxpayer’s tax payable under this Part for the renovation period taxation year. (particulier déterminé)qualifying relationqualifying relation, of a qualifying individual for a renovation period taxation year, means an individual who(a)has attained the age of 18 years before the end of the renovation period taxation year; and(b)at any time in the renovation period taxation year, is a parent, grandparent, child, grandchild, brother, sister, aunt, uncle, niece or nephew of either the qualifying individual or thecohabiting spouse or common-law partner(as defined in section 122.6) of the qualifying individual. (proche admissible)qualifying renovationqualifying renovationmeans a renovation or alteration of, or addition to, an eligible dwelling of a qualifying individual that(a)is of an enduring nature and integral to the eligible dwelling; and(b)is undertaken to enable the qualifying individual to reside in the dwelling with a qualifying relation of the qualifying individual by establishing a secondary unit within the dwelling for occupancy by the qualifying individual or the qualifying relation. (travaux de rénovation admissibles)renovation periodrenovation period, for a qualifying renovation of an eligible dwelling, means a period that(a)begins at the time that the first qualifying expenditure is made or incurred in respect of the qualifying renovation, and(b)ends at the time of the completion of the qualifying renovation. (période de rénovation)renovation period taxation yearrenovation period taxation yearmeans the taxation year in which the renovation period in respect of a qualifying renovation ends. (année d’imposition de la période de rénovation)secondary unitsecondary unitmeans a self-contained housing unit that(a)has a private entrance, kitchen, bathroom and sleeping area,(b)if applicable, meets any local requirements to qualify as a secondary dwelling unit, and(c)meets prescribed conditions, if any. (logement secondaire)Marginal note:Qualifying expenditure — trusts(2)For the purposes of this section, a qualifying expenditure of a particular individual who is an eligible individual in respect of an eligible dwelling includes an outlay or expense made or incurred by a trust of which the particular individual is a beneficiary, in respect of the eligible dwelling, to the extent of the share of that outlay or expense that is reasonably attributable to the eligible dwelling, having regard to the amount of the outlays or expenses made or incurred in respect of the eligible dwelling, if(a)the outlay or expense would be a qualifying expenditure of the particular individual if the outlay or expense had been made or incurred by that individual; and(b)the trust has notified the particular individual of the amount of the outlay or expenses that are attributable to the eligible dwelling.Marginal note:Deemed overpayment(3)An eligible individual who files a return of income for a renovation period taxation year and who makes a claim under this subsection in that return of income is deemed to have paid, at the end of the taxation year, on account of tax payable under this Part for the taxation year, an amount equal to the amount determined by the formulaA × BwhereAis the appropriate percentage for the taxation year; andBis the least of(a)$50,000,(b)the total of all amounts, each of which is a qualifying expenditure of the individual in respect of a qualifying renovation that ended in the taxation year, and(c)if the individual is not resident in Canada throughout the taxation year, nil.Marginal note:Limits(4)For the purpose of this section,(a)in respect of a qualifying individual, there may only be one qualifying renovation for the purpose of a claim under subsection (3) by all taxpayers during the lifetime of the qualifying individual;(b)a maximum of $50,000 of qualifying expenditures may be claimed by all taxpayers in respect of the same qualifying renovation; and(c)if more than one taxpayer is entitled to a deduction under subsection (3) in respect of the same qualifying individual or the same qualifying renovation and the taxpayers cannot agree as to what portion of the amount each can so deduct, the Minister may fix the portions.Marginal note:Effect of bankruptcy(5)For the purpose of this Subdivision, if an eligible individual becomes bankrupt in a particular calendar year, despite subsection 128(2), any reference to the taxation year of the eligible individual is deemed to be a reference to the particular calendar year.Marginal note:Special rules in the event of death(6)For the purpose of this section, if an eligible individual or a qualifying individual dies in a calendar year,(a)the deceased individual is deemed to be resident in Canada from the time of death until the end of the year if, immediately before death, the deceased individual was resident in Canada;(b)the deceased individual is deemed to be the same age at the end of the year as the individual would have been if the individual were alive at the end of the year;(c)the deceased individual is deemed to be the cohabiting spouse or common-law partner of another individual (referred to in this paragraph as the “surviving spouse”) at the end of the year if,(i)immediately before death, the deceased individual was thecohabiting spouse or common-law partner(as defined in section 122.6) of the surviving spouse, and(ii)the surviving spouse is not thecohabiting spouse or common-law partner(as defined in section 122.6) of another individual at the end of the year; and(d)any return of income filed by a legal representative of the deceased individual is deemed to be a return of income filed by the individual.
(a)the qualifying individual or a qualifying relation of the qualifying individual (or a trust under which the qualifying individual or a qualifying relation is a beneficiary) owns — whether jointly with another person or otherwise — at any time in the renovation period taxation year, the housing unit; and(b)the housing unit is ordinarily inhabited, or is reasonably expected to be ordinarily inhabited, within 12 months after the end of the renovation period(i)by the qualifying individual, and(ii)by a qualifying relation of the qualifying individual. (logement admissible)
(i)by the qualifying individual, and(ii)by a qualifying relation of the qualifying individual. (logement admissible)
(a)an individual who ordinarily resides, or intends to ordinarily reside, in the eligible dwelling within 12 months after the end of the renovation period in respect of a qualifying renovation of the eligible dwelling and who is(i)a qualifying individual,(ii)thecohabiting spouse or common-law partner(as defined in section 122.6) of a qualifying individual at any time in the renovation period taxation year, or(iii)a qualifying relation of a qualifying individual; or(b)an individual who(i)is a qualifying relation of a qualifying individual, and(ii)owns the eligible dwelling or is the beneficiary of a trust that owns the eligible dwelling. (particulier admissible)
(i)a qualifying individual,(ii)thecohabiting spouse or common-law partner(as defined in section 122.6) of a qualifying individual at any time in the renovation period taxation year, or(iii)a qualifying relation of a qualifying individual; or
(i)is a qualifying relation of a qualifying individual, and(ii)owns the eligible dwelling or is the beneficiary of a trust that owns the eligible dwelling. (particulier admissible)
(a)is directly attributable to a qualifying renovation of an eligible dwelling in respect of which the individual is an eligible individual;(b)is made or incurred by the individual before the end of the renovation period in respect of the qualifying renovation referred to in paragraph (a);(c)is the cost of goods acquired or services received, including an outlay or expense for permits required for, or for the rental of equipment used in the course of, the qualifying renovation; and(d)is not an outlay or expense(i)for the cost of annual, recurring or routine repair or maintenance,(ii)to acquire a household appliance,(iii)to acquire an electronic home-entertainment device,(iv)that is the cost of housekeeping, security monitoring, gardening, outdoor maintenance or similar services,(v)for financing costs in respect of the qualifying renovation,(vi)in respect of goods or services provided by a person not dealing at arm’s length with the individual, unless the person is registered for the purposes of Part IX of theExcise Tax Act, or(vii)that can reasonably be considered to have been reimbursed. (dépense admissible)
(i)for the cost of annual, recurring or routine repair or maintenance,(ii)to acquire a household appliance,(iii)to acquire an electronic home-entertainment device,(iv)that is the cost of housekeeping, security monitoring, gardening, outdoor maintenance or similar services,(v)for financing costs in respect of the qualifying renovation,(vi)in respect of goods or services provided by a person not dealing at arm’s length with the individual, unless the person is registered for the purposes of Part IX of theExcise Tax Act, or(vii)that can reasonably be considered to have been reimbursed. (dépense admissible)
(a)65 years before the end of the renovation period taxation year; or(b)18 years before the end of the renovation period taxation year and in respect of whom an amount is deductible, or would be deductible if this Act were read without reference to paragraph 118.3(1)(c), under section 118.3 in computing a taxpayer’s tax payable under this Part for the renovation period taxation year. (particulier déterminé)
(a)has attained the age of 18 years before the end of the renovation period taxation year; and(b)at any time in the renovation period taxation year, is a parent, grandparent, child, grandchild, brother, sister, aunt, uncle, niece or nephew of either the qualifying individual or thecohabiting spouse or common-law partner(as defined in section 122.6) of the qualifying individual. (proche admissible)
(a)is of an enduring nature and integral to the eligible dwelling; and(b)is undertaken to enable the qualifying individual to reside in the dwelling with a qualifying relation of the qualifying individual by establishing a secondary unit within the dwelling for occupancy by the qualifying individual or the qualifying relation. (travaux de rénovation admissibles)
(a)begins at the time that the first qualifying expenditure is made or incurred in respect of the qualifying renovation, and(b)ends at the time of the completion of the qualifying renovation. (période de rénovation)
(a)has a private entrance, kitchen, bathroom and sleeping area,(b)if applicable, meets any local requirements to qualify as a secondary dwelling unit, and(c)meets prescribed conditions, if any. (logement secondaire)
(a)the outlay or expense would be a qualifying expenditure of the particular individual if the outlay or expense had been made or incurred by that individual; and(b)the trust has notified the particular individual of the amount of the outlay or expenses that are attributable to the eligible dwelling.
(a)$50,000,(b)the total of all amounts, each of which is a qualifying expenditure of the individual in respect of a qualifying renovation that ended in the taxation year, and(c)if the individual is not resident in Canada throughout the taxation year, nil.
(a)in respect of a qualifying individual, there may only be one qualifying renovation for the purpose of a claim under subsection (3) by all taxpayers during the lifetime of the qualifying individual;(b)a maximum of $50,000 of qualifying expenditures may be claimed by all taxpayers in respect of the same qualifying renovation; and(c)if more than one taxpayer is entitled to a deduction under subsection (3) in respect of the same qualifying individual or the same qualifying renovation and the taxpayers cannot agree as to what portion of the amount each can so deduct, the Minister may fix the portions.
(a)the deceased individual is deemed to be resident in Canada from the time of death until the end of the year if, immediately before death, the deceased individual was resident in Canada;(b)the deceased individual is deemed to be the same age at the end of the year as the individual would have been if the individual were alive at the end of the year;(c)the deceased individual is deemed to be the cohabiting spouse or common-law partner of another individual (referred to in this paragraph as the “surviving spouse”) at the end of the year if,(i)immediately before death, the deceased individual was thecohabiting spouse or common-law partner(as defined in section 122.6) of the surviving spouse, and(ii)the surviving spouse is not thecohabiting spouse or common-law partner(as defined in section 122.6) of another individual at the end of the year; and(d)any return of income filed by a legal representative of the deceased individual is deemed to be a return of income filed by the individual.
(i)immediately before death, the deceased individual was thecohabiting spouse or common-law partner(as defined in section 122.6) of the surviving spouse, and(ii)the surviving spouse is not thecohabiting spouse or common-law partner(as defined in section 122.6) of another individual at the end of the year; and
[NOTE: Application provisions are not included in the consolidated textsee relevant amending Acts and regulations.]2022, c. 19, s. 19
123(1)The tax payable under this Part for a taxation year by a corporation on its taxable income or taxable income earned in Canada, as the case may be, (in this section referred to as its “amount taxable”) for the year is, except where otherwise provided,(a)38% of its amount taxable for the year.
(a)38% of its amount taxable for the year.
[NOTE: Application provisions are not included in the consolidated textsee relevant amending Acts and regulations.]1970-71-72, c. 63, s. 1“123”1984, c. 29, s. 901986, c. 55, s. 421988, c. 28, s. 250, c. 55, s. 100
(a)the tax payable under this Part by the corporation for the year determined without reference to this section, sections 123.2 and 126 (except for the purposes of subsection 125(1) and section 125.1), subsections 127(3) and (5), 127.2(1) and 127.3(1) of this Act and paragraph 123(1)(b) and subsection 127(13) of theIncome Tax Act, chapter 148 of the Revised Statutes of Canada, 1952, and as if subsection 124(1) of this Act were read without reference to the words “in a province” in that subsection
(b)in the case of a Canadian-controlled private corporation to which subsection 125(1) applies, the amount, if any, by which(i)15% of the least of the amounts, if any, determined under paragraphs 125(1)(a) to (c) in respect of the corporation for the yearexceeds(ii)the amount, if any, determined under paragraph 125.1(1)(b) in respect of the corporation for the year,(c)in the case of a mutual fund corporation, the least of the amounts that would be determined under paragraphs (a) to (c) of the description of A in the definitionrefundable capital gains tax on handin subsection 131(6) in respect of the corporation for the year if this Act were read without reference to this section, and(d)in any other case, nil
(i)15% of the least of the amounts, if any, determined under paragraphs 125(1)(a) to (c) in respect of the corporation for the year
(ii)the amount, if any, determined under paragraph 125.1(1)(b) in respect of the corporation for the year,
[NOTE: Application provisions are not included in the consolidated textsee relevant amending Acts and regulations.]1972, c. 9, s. 21985, c. 45, s. 691986, s. 6, s. 69, c. 55, s. 43
[NOTE: Application provisions are not included in the consolidated textsee relevant amending Acts and regulations.]R.S., 1985, c. 1 (5th Supp.), s. 123.21994, c. 7, Sch