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2 (1) An incometax shall be paid, as required by this Act, on the taxable income for each taxation year of every person resident in Canada at any time in the year. Taxable income (2) The taxable income of a taxpayer for a taxation year is the taxpayer’s income for the year plus the additions and minus the deductions permitted by Division C. Tax payable by non-resident persons (3) Where a ...
www.canlii.orgSame (3) The tax payable by a taxpayer under this Act or under Part I of the Federal Act means the tax payable by the taxpayer as fixed by assessment or reassessment subject to variation on objection or on appeal, if any, in accordance with this Act or Part I of the Federal Act, as the case may be. R.S.O. 1990, c. I.2, s. 1 (3); 2004, c. 16, s ...
www.canlii.org20 (1)Except as otherwise provided in subsection (9), an individual may deduct in computing his or her tax payable under this Division for a taxation year a tax credit equal to the amount, if any, by which twice the individual’s personal amount for the year exceeds the amount of tax otherwise payable by the individual for the year.
www.canlii.orgExplore the Income Tax Regulations on CanLII for comprehensive details on rules and provisions related to income tax in Canada.
www.canlii.org(d.2) where the taxpayer is a financial institution within the meaning assigned by section 851.22.1 in its taxation year that includes that time and the property is a specified debt obligation within the meaning assigned by that section, other than a mark-to-market property within the meaning assigned by that section for the year, the tax basis ...
www.canlii.orgStrengthening Business through a Simpler Tax System Act, 2007, SO 2007, c 11, retrieved on 2026-08-08
www.canlii.orgFor the purposes of paragraph pof section 87of the Act, the prescribed amount is the amount deducted by the taxpayer pursuant to subsection 13or14of section 127of the Income Tax Act(R.S.C. 1952, c. 148) in computing the tax otherwise payable by the taxpayer for the year under Part I of that Income Tax Act.
www.canlii.orgTAX ADMINISTRATION088 12décembre 2010011er04avril 2011 Note from the Quebec Official Publisher This Act was formerly entitled “An Act respecting the Ministère du Revenu”. The title was replaced by section 91of chapter 31 of the statutes of 2010. The Minister of Finance exercises the functions of the Minister of Revenue provided for in ...
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