Income Tax Regulations (C.R.C., c. 945)

Regulations are current to 2017-11-20 and last amended on 2017-07-01. Previous Versions

PART LXXIPrescribed Federal Crown Corporations

 For the purposes of subsections 27(2) and (3), the definition private corporation in subsection 89(1) and subsection 124(3) of the Act, the following are prescribed federal Crown corporations:

  • (a) Canada Deposit Insurance Corporation;

  • (b) Canada Hibernia Holding Corporation;

  • (c) Canada Lands Company Limited;

  • (d) Canada Mortgage and Housing Corporation;

  • (e) Canada Post Corporation;

  • (f) Canadian Broadcasting Corporation;

  • (g) Cape Breton Development Corporation;

  • (h) Freshwater Fish Marketing Corporation;

  • (i) Royal Canadian Mint; and

  • (j) VIA Rail Canada Inc.

  • NOTE: Application provisions are not included in the consolidated text;
  • see relevant amending regulations. SOR/84-744, s. 1;
  • SOR/85-175, s. 1;
  • SOR/86-1092, s. 18;
  • 1991, c. 10, s. 19;
  • SOR/91-174, s. 1;
  • SOR/91-557, s. 1;
  • SOR/91-603, s. 1;
  • SOR/94-405, s. 1;
  • SOR/94-686, s. 39(F);
  • SOR/97-28, s. 1;
  • 2001, c. 22, s. 22;
  • SOR/2003-397, s. 1.

PART LXXII[Repealed, SOR/2001-295, s. 5]

PART LXXIIIPrescribed Amounts and Areas

 For the purposes of paragraph 12(1)(x) of the Act, prescribed amount means

  • (a) an amount paid to a corporation by the Native Economic Development Board created under Order in Council P.C. 1983-3394 of October 31, 1983 pursuant to the Native Economic Development Program or paid to a corporation under the Aboriginal Capital Corporation Program of the Canadian Aboriginal Economic Development Strategy, where all of the shares of the capital stock of the corporation are

    • (i) owned by aboriginal individuals,

    • (ii) held in trust for the exclusive benefit of aboriginal individuals,

    • (iii) owned by a corporation, all the shares of which are owned by aboriginal individuals or held in trust for the exclusive benefit of aboriginal individuals, or

    • (iv) owned or held in a combination of ownership structures described in subparagraph (i), (ii) or (iii)

    and the purpose of the corporation is to provide loans, loan guarantees, bridge financing, venture capital, lease financing, surety bonding or other similar financing services to aboriginal enterprises;

  • (b) prescribed assistance within the meaning assigned by section 6702;

  • (c) an amount that is the portion of a student loan forgiven under section 9.2 of the Canada Student Financial Assistance Act or under section 11.1 of the Canada Student Loans Act; or

  • (d) an emissions allowance issued to the taxpayer under the laws of Canada or a province.

  • NOTE: Application provisions are not included in the consolidated text;
  • see relevant amending Acts and regulations. SOR/86-1136, s. 12;
  • SOR/88-312, s. 2;
  • SOR/90-120, s. 1;
  • SOR/91-276, s. 1;
  • SOR/94-686, s. 79(F);
  • 2011, c. 24, s. 88;
  • 2016, c. 12, s. 81.

 [Repealed, SOR/2001-295, s. 6]

  • NOTE: Application provisions are not included in the consolidated text;
  • see relevant amending regulations. SOR/2001-295, s. 6.

 [Repealed, SOR/93-440, s. 1]

  • NOTE: Application provisions are not included in the consolidated text;
  • see relevant amending regulations. SOR/93-440, s. 1.
  •  (1) An area is a prescribed northern zone for a taxation year for the purposes of section 110.7 of the Act where it is

    • (a) the Yukon Territory, the Northwest Territories or Nunavut;

    • (b) those parts of British Columbia, Alberta and Saskatchewan that lie north of 57°30‘N latitude;

    • (c) that part of Manitoba that lies

      • (i) north of 56°20‘N latitude, or

      • (ii) north of 52°30‘N latitude and east of 95°25‘W longitude;

    • (d) that part of Ontario that lies

      • (i) north of 52°30‘N latitude, or

      • (ii) north of 51°05‘N latitude and east of 89°10‘W longitude;

    • (e) that part of Quebec that lies

      • (i) north of 51°05‘N latitude, or

      • (ii) north of the Gulf of St. Lawrence and east of 63°00‘W longitude; or

    • (f) Labrador, including Belle Isle.

  • (2) An area is a prescribed intermediate zone for a taxation year for the purposes of section 110.7 of the Act where it is the Queen Charlotte Islands, Anticosti Island, the Magdalen Islands or Sable Island, or where it is not part of a prescribed northern zone referred to in subsection (1) for the year and is

    • (a) that part of British Columbia that lies

      • (i) north of 55°35‘N latitude,

      • (ii) north of 55°00‘N latitude and east of 122°00‘W longitude, or

      • (iii) north of 55°13′N latitude and east of 123°16′W longitude;

    • (b) that part of Alberta that lies north of 55°00‘N latitude;

    • (c) that part of Saskatchewan that lies

      • (i) north of 55°00‘N latitude,

      • (ii) north of 54°15‘N latitude and east of 107°00‘W longitude, or

      • (iii) north of 53°20‘N latitude and east of 103°00‘W longitude;

    • (d) that part of Manitoba that lies

      • (i) north of 53°20‘N latitude,

      • (ii) north of 52°10‘N latitude and east of 97°40‘W longitude, or

      • (iii) north of 51°30‘N latitude and east of 96°00‘W longitude;

    • (e) that part of Ontario that lies north of 50°35‘N latitude; or

    • (f) that part of Quebec that lies

      • (i) north of 50°35‘N latitude and west of 79°00‘W longitude,

      • (ii) north of 49°00‘N latitude, east of 79°00‘W longitude and west of 74°00‘W longitude,

      • (iii) north of 50°00‘N latitude, east of 74°00‘W longitude and west of 70°00‘W longitude,

      • (iv) north of 50°45‘N latitude, east of 70°00‘W longitude and west of 65°30‘W longitude, or

      • (v) north of the Gulf of St. Lawrence, east of 65°30‘W longitude and west of 63°00‘W longitude.

  • NOTE: Application provisions are not included in the consolidated text;
  • see relevant amending Acts and regulations. SOR/93-440, s. 2;
  • 2007, c. 35, s. 79.
  •  (1) In this section,

    member of the taxpayer’s household

    member of the taxpayer’s household includes the taxpayer; (membre de la maisonnée du contribuable)

    designated city

    designated city means St. John’s, Halifax, Moncton, Quebec City, Montreal, Ottawa, Toronto, North Bay, Winnipeg, Saskatoon, Calgary, Edmonton and Vancouver. (ville désignée)

  • (2) For the purposes of this section, the trip cost to a taxpayer in respect of a trip made by an individual who, at the time the trip was made, was a member of the taxpayer’s household is the least of

    • (a) the aggregate of

      • (i) the value of travel assistance, if any, provided by the taxpayer’s employer in respect of travelling expenses for the trip, and

      • (ii) the amount, if any, received by the taxpayer from his employer in respect of travelling expenses for the trip,

    • (b) the aggregate of

      • (i) the value of travel assistance, if any, provided by the taxpayer’s employer in respect of travelling expenses for the trip, and

      • (ii) travelling expenses incurred by the taxpayer for the trip and

    • (c) the lowest return airfare ordinarily available, at the time the trip was made, to the individual for flights between the place in which the individual resided immediately before the trip, or the airport nearest thereto, and the designated city that is nearest to that place.

  • (3) For the purposes of subsection (4), the period travel cost to a taxpayer for a period in a taxation year, in respect of an individual who was a member of the taxpayer’s household at any time during the period, is the total of the trip costs to the taxpayer in respect of all trips that were made by the individual at a time when the individual was a member of the taxpayer’s household where the trips may reasonably be considered to relate to the period.

  • (4) For the purposes of clause 110.7(1)(a)(i)(A) of the Act, the prescribed amount in respect of a taxpayer for a period in a taxation year is the lesser of

    • (a) the total of

      • (i) the value of travel assistance, if any, provided in the period by the taxpayer’s employer in respect of travelling expenses for trips, each of which was made by an individual who, at the time the trip was made, was a member of the taxpayer’s household, where the trips may reasonably be considered to relate to the period, and

      • (ii) the amount, if any, received in the period by the taxpayer from the taxpayer’s employer in respect of travelling expenses for trips, each of which was made by an individual who, at the time the trip was made, was a member of the taxpayer’s household, where the trips may reasonably be considered to relate to the period; and

    • (b) the total of all the period travel costs to the taxpayer for the period in respect of all individuals who were members of the taxpayer’s household at any time in the period.

  • NOTE: Application provisions are not included in the consolidated text;
  • see relevant amending regulations. SOR/88-312, s. 3;
  • SOR/93-440, s. 3.
 
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