Table of Contents
- Income Tax Act
- 1 - Short Title
- 2 - PART I - Income Tax
- 2 - DIVISION A - Liability for Tax
- 3 - DIVISION B - Computation of Income
- 3 - Basic Rules
- 5 - SUBDIVISION A - Income or Loss from an Office or Employment
- 5 - Basic Rules
- 6 - Inclusions
- 8 - Deductions
- 9 - SUBDIVISION B - Income or Loss from a Business or Property
- 9 - Basic Rules
- 12 - Inclusions
- 18 - Deductions
- 22 - Ceasing to carry on business
- 26 - Special Cases
- 38 - SUBDIVISION C - Taxable Capital Gains and Allowable Capital Losses
- 56 - SUBDIVISION D - Other Sources of Income
- 56.4 - Restrictive Covenants
- 60 - SUBDIVISION E - Deductions in Computing Income
- 67 - SUBDIVISION F - Rules Relating to Computation of Income
- 81 - SUBDIVISION G - Amounts Not Included in Computing Income
- 82 - SUBDIVISION H - Corporations Resident in Canada and their Shareholders
- 86.1 - Foreign Spin-offs
- 90 - SUBDIVISION I - Shareholders of Corporations Not Resident in Canada
- 96 - SUBDIVISION J - Partnerships and their Members
- 104 - SUBDIVISION K - Trusts and their Beneficiaries
- 110 - DIVISION C - Computation of Taxable Income
- 110.2 - Lump-sum Payments
- 115 - DIVISION D - Taxable Income Earned in Canada by Non-Residents
- 117 - DIVISION E - Computation of Tax
- 117 - SUBDIVISION A - Rules Applicable to Individuals
- 117.1 - Annual Adjustment of Deductions and Other Amounts
- 120.31 - Lump-sum Payments
- 120.4 - Tax on Split Income
- 122.6 - SUBDIVISION A.1 - Canada Child Benefit
- 122.7 - SUBDIVISION A.2 - Canada Workers Benefit
- 122.8 - SUBDIVISION A.3 - Climate Action Incentive
- 122.9 - SUBDIVISION A.4 - School Supplies Tax Credit
- 122.91 - SUBDIVISION A.5 - Canada Training Credit
- 123 - SUBDIVISION B - Rules Applicable to Corporations
- 126 - SUBDIVISION C - Rules Applicable to all Taxpayers
- 117 - SUBDIVISION A - Rules Applicable to Individuals
- 127.5 - DIVISION E.1 - Minimum Tax
- 128 - DIVISION F - Special Rules Applicable in Certain Circumstances
- 128 - Bankruptcies
- 128.1 - Changes in Residence
- 129 - Private Corporations
- 130 - Investment Corporations
- 130.1 - Mortgage Investment Corporations
- 131 - Mutual Fund Corporations
- 132 - Mutual Fund Trusts
- 133 - Non-Resident-Owned Investment Corporations
- 135 - Patronage Dividends
- 135.1 - Agricultural Cooperatives — Tax-deferred Patronage Dividends
- 135.2 - Continuance of the Canadian Wheat Board
- 136 - Cooperative Corporations
- 137 - Credit Unions, Savings and Credit Unions and Deposit Insurance Corporations
- 138 - Insurance Corporations
- 139.1 - Demutualization of Insurance Corporations
- 142.2 - Financial Institutions
- 142.2 - Interpretation
- 142.3 - Income from Specified Debt Obligations
- 142.4 - Disposition of Specified Debt Obligations
- 142.5 - Mark-to-Market Properties
- 142.6 - Additional Rules
- 142.7 - Conversion of Foreign Bank Affiliate to Branch
- 143 - Communal Organizations
- 143.2 - Cost of Tax Shelter Investments and Limited-recourse Debt in Respect of Gifting Arrangements
- 143.3 - Expenditure — Limitations
- 143.4 - Expenditure — Limit for Contingent Amount
- 144 - DIVISION G - Deferred and Other Special Income Arrangements
- 144 - Employees Profit Sharing Plans
- 144.1 - Employee Life and Health Trust
- 145 - Registered Supplementary Unemployment Benefit Plans
- 146 - Registered Retirement Savings Plans
- 146.01 - Home Buyers’ Plan
- 146.02 - Lifelong Learning Plan
- 146.1 - Registered Education Savings Plans
- 146.2 - Tax-free Savings Accounts
- 146.3 - Registered Retirement Income Funds
- 146.4 - Registered Disability Savings Plan
- 147 - Deferred Profit Sharing Plans
- 147.1 - Registered Pension Plans
- 147.5 - Pooled Registered Pension Plans
- 148 - Life Insurance Policies
- 148.1 - Eligible Funeral Arrangements
- 149 - DIVISION H - Exemptions
- 149 - Miscellaneous Exemptions
- 149.1 - Qualified Donees
- 150 - DIVISION I - Returns, Assessments, Payment and Appeals
- 150 - Returns
- 151 - Estimate of Tax
- 152 - Assessment
- 153 - Payment of Tax
- 161 - Interest
- 161.1 - Offset of Refund Interest and Arrears Interest
- 161.3 - Small Amounts Owing
- 162 - Penalties
- 163.2 - Misrepresentation of a Tax Matter by a Third Party
- 164 - Refunds
- 165 - Objections to Assessments
- 166 - General
- 168 - Revocation of Registration of Certain Organizations and Associations
- 169 - DIVISION J - Appeals to the Tax Court of Canada and the Federal Court of Appeal
- 180.01 - PART I.01 - Tax in Respect of Stock Option Benefit Deferral
- 180.1 - PART I.1 - Individual Surtax
- 180.2 - PART I.2 - Tax on Old Age Security Benefits
- 181 - PART I.3 - Tax on Large Corporations
- 182 - PART II - [Repealed, 2017, c. 20, s. 27]
- 183.1 - PART II.1 - Tax on Corporate Distributions
- 184 - PART III - Additional Tax on Excessive Elections
- 185.1 - PART III.1 - Additional Tax on Excessive Eligible Dividend Designations
- 186 - PART IV - Tax on Taxable Dividends Received by Private Corporations
- 187.1 - PART IV.1 - Taxes on Dividends on Certain Preferred Shares Received by Corporations
- 187.7 - PART V - Tax and Penalties in Respect of Qualified Donees
- 190 - PART VI - Tax on Capital of Financial Institutions
- 190.1 - Calculation of Capital Tax
- 190.2 - Administrative Provisions
- 191 - PART VI.1 - Tax on Corporations Paying Dividends on Taxable Preferred Shares
- 192 - PART VII - Refundable Tax on Corporations Issuing Qualifying Shares
- 194 - PART VIII - Refundable Tax on Corporations in Respect of Scientific Research and Experimental Development Tax Credit
- 196 - PART IX - Tax on Deduction Under Section 66.5
- 197 - PART IX.1 - Tax on Sift Partnerships
- 198 - PART X - Taxes on Deferred Profit Sharing Plans and Revoked Plans
- 204.1 - PART X.1 - Tax in Respect of Over-contributions to Deferred Income Plans
- 204.4 - PART X.2 - Tax in Respect of Registered Investments
- 204.8 - PART X.3 - Labour-sponsored Venture Capital Corporations
- 204.9 - PART X.4 - Tax in Respect of Overpayments to Registered Education Savings Plans
- 204.94 - PART X.5 - Payments Under Registered Education Savings Plans
- 205 - PART XI - [Repealed, 2017, c. 33, s. 66]
- 207.01 - PART XI.01 - Taxes in Respect of Registered Plans
- 207.1 - PART XI.1 - Tax in Respect of Deferred Income Plans and Other Tax Exempt Persons
- 207.3 - PART XI.2 - Tax in Respect of Dispositions of Certain Properties
- 207.5 - PART XI.3 - Tax in Respect of Retirement Compensation Arrangements
- 207.8 - PART XI.4 - Tax on Excess EPSP Amounts
- 208 - PART XII - Tax in Respect of Certain Royalties, Taxes, Lease Rentals, Etc., Paid to a Government by a Tax Exempt Person
- 209 - PART XII.1 - Tax on Carved-out Income
- 210 - PART XII.2 - Tax on Designated Income of Certain Trusts
- 211 - PART XII.3 - Tax on Investment Income of Life Insurers
- 211.6 - PART XII.4 - Tax on Qualifying Environmental Trusts
- 211.7 - PART XII.5 - Recovery of Labour-sponsored Funds Tax Credit
- 211.91 - PART XII.6 - Tax on Flow-through Shares
- 212 - PART XIII - Tax on Income from Canada of Non-resident Persons
- 218.2 - PART XIII.1 - Additional Tax on Authorized Foreign Banks
- 218.3 - PART XIII.2 - Non-resident Investors in Canadian Mutual Funds
- 219 - PART XIV - Additional Tax on Non-resident Corporations
- 220 - PART XV - Administration and Enforcement
- 220 - Administration
- 222 - Collection
- 230 - General
- 238 - Offences and Punishment
- 244 - Procedure and Evidence
- 244.1 - PART XV.1 - Reporting of Electronic Funds Transfer
- 245 - PART XVI - Tax Avoidance
- 247 - PART XVI.1 - Transfer Pricing
- 248 - PART XVII - Interpretation
- 263 - PART XVIII - Enhanced International Information Reporting
- 270 - PART XIX - Common Reporting Standard
- SCHEDULE - Listed Corporations
Related Information
Regulations made under this Act
- Income Earned in Quebec Income Tax Remission Order, 1982 (SOR/83-96)
- Income Tax Regulations (C.R.C., c. 945)
- Proclamation Fixing Valuation Days (C.R.C., c. 946)
Original Source: https://laws-lois.justice.gc.ca/eng/acts/I-3.3/index.html