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Versions of s. 111(8), definition “farm loss”

I-3.3 — Income Tax Act · 4 versions · View current text

Historical text comes from the Justice Laws point-in-time corpus and is unofficial — not the official version.

  1. 2018-01-01 to present available View Source
    farm loss of a taxpayer for a taxation year means the amount determined by the formula A - C where A is the lesser of the amount, if any, by which the total of all amounts each of which is the taxpayer’s loss for the year from a farming or fishing business exceeds the total of all amounts each of which is the taxpayer’s income for the year from a farming or fishing business, and the amount that would be the taxpayer’s non-capital loss for the year if the amount determined for D in the definition non-capital loss in this subsection were nil, and B[Repealed, 2000, c. 19, s. 19] C is the total of all amounts by which the farm loss of the taxpayer for the year is required to be reduced because of section 80; (perte agricole)
    Full text

    farm loss of a taxpayer for a taxation year means the amount determined by the formula A - C where A is the lesser of the amount, if any, by which the total of all amounts each of which is the taxpayer’s loss for the year from a farming or fishing business exceeds the total of all amounts each of which is the taxpayer’s income for the year from a farming or fishing business, and the amount that would be the taxpayer’s non-capital loss for the year if the amount determined for D in the definition non-capital loss in this subsection were nil, and B[Repealed, 2000, c. 19, s. 19] C is the total of all amounts by which the farm loss of the taxpayer for the year is required to be reduced because of section 80; (perte agricole)

  2. 2017-01-01 to 2018-01-01 View Source
    farm loss of a taxpayer for a taxation year means the amount determined by the formula A - C where A is the lesser of the amount, if any, by which the total of all amounts each of which is the taxpayer’s loss for the year from a farming or fishing business exceeds the total of all amounts each of which is the taxpayer’s income for the year from a farming or fishing business, and the amount that would be the taxpayer’s non-capital loss for the year if the amount determined for D in the definition non-capital loss in this subsection were nil, and B[Repealed, 2000, c. 19, s. 19(2)]19] C is the total of all amounts by which the farm loss of the taxpayer for the year is required to be reduced because of section 80; (perte agricole)
    Full text

    farm loss of a taxpayer for a taxation year means the amount determined by the formula A - C where A is the lesser of the amount, if any, by which the total of all amounts each of which is the taxpayer’s loss for the year from a farming or fishing business exceeds the total of all amounts each of which is the taxpayer’s income for the year from a farming or fishing business, and the amount that would be the taxpayer’s non-capital loss for the year if the amount determined for D in the definition non-capital loss in this subsection were nil, and B[Repealed, 2000, c. 19, s. 19] C is the total of all amounts by which the farm loss of the taxpayer for the year is required to be reduced because of section 80; (perte agricole)

  3. 2013-12-12 to 2017-01-01 View Source
    farm loss of a taxpayer for a taxation year means the amount determined by the formula A - C where A is the lesser of the amount, if any, by which the total of all amounts each of which is the taxpayer’s loss for the year from a farming or fishing business exceeds the total of all amounts each of which is the taxpayer’s income for the year from a farming or fishing business, and the amount that would be the taxpayer’s non-capital loss for the year if each of the amountsamount determined for C and D in the definition non-capital loss in this subsection were zero,nil, and B[Repealed, 2000, c. 19, s. 19(2)] C is the total of all amounts by which the farm loss of the taxpayer for the year is required to be reduced because of section 80;
    Full text

    farm loss of a taxpayer for a taxation year means the amount determined by the formula A - C where A is the lesser of the amount, if any, by which the total of all amounts each of which is the taxpayer’s loss for the year from a farming or fishing business exceeds the total of all amounts each of which is the taxpayer’s income for the year from a farming or fishing business, and the amount that would be the taxpayer’s non-capital loss for the year if the amount determined for D in the definition non-capital loss in this subsection were nil, and B[Repealed, 2000, c. 19, s. 19(2)] C is the total of all amounts by which the farm loss of the taxpayer for the year is required to be reduced because of section 80;

  4. 2004-08-31 to 2013-12-12 View Source

    farm loss of a taxpayer for a taxation year means the amount determined by the formula A - C where A is the lesser of the amount, if any, by which the total of all amounts each of which is the taxpayer’s loss for the year from a farming or fishing business exceeds the total of all amounts each of which is the taxpayer’s income for the year from a farming or fishing business, and the amount that would be the taxpayer’s non-capital loss for the year if each of the amounts determined for C and D in the definition non-capital loss in this subsection were zero, and B[Repealed, 2000, c. 19, s. 19(2)] C is the total of all amounts by which the farm loss of the taxpayer for the year is required to be reduced because of section 80;