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

I-3.3 — Income Tax Act · 8 versions · View current text

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

  1. 2026-03-26 to present available View Source
    non-capital loss of a taxpayer for a taxation year means, at any time, the amount determined by the formula(A + B) - (D + D.1 + D.2) where A is the amount determined by the formula E - F where E is the total of all amounts each of which is the taxpayer’s loss for the year from an office, employment, business or property, an amount deductible under paragraph 104(6)(a.4) in computing the taxpayer’s income for the year, an amount deducted under paragraph (1)(a.1) or (b) or section 110.6, 110.61 or 110.62, or deductible under any of paragraphs 110(1)(d) to (g) and (k), section 112 and subsections 113(1) and 138(6), in computing the taxpayer’s taxable income for the year, or if that time is before the taxpayer’s eleventh following taxation year, the taxpayer’s allowable business investment loss for the year, and F is the amount determined under paragraph 3(c) in respect of the taxpayer for the year, B is the amount, if any, determined in respect of the taxpayer for the year under section 110.5 or subparagraph 115(1)(a)(vii), C[Repealed, 2000, c. 19, s. 19] D is the amount that would be the taxpayer’s farm loss for the year if the amount determined for B in the definition farm loss in this subsection were zero, D.1 is the total of all amounts deducted under subsection 111(10) in respect of the taxpayer for the year, and D.2 is the total of all amounts by which the non-capital loss of the taxpayer for the year is required to be reduced because of section 80; (perte autre qu’une perte en capital)
    Full text

    non-capital loss of a taxpayer for a taxation year means, at any time, the amount determined by the formula(A + B) - (D + D.1 + D.2) where A is the amount determined by the formula E - F where E is the total of all amounts each of which is the taxpayer’s loss for the year from an office, employment, business or property, an amount deductible under paragraph 104(6)(a.4) in computing the taxpayer’s income for the year, an amount deducted under paragraph (1)(a.1) or (b) or section 110.6, 110.61 or 110.62, or deductible under any of paragraphs 110(1)(d) to (g) and (k), section 112 and subsections 113(1) and 138(6), in computing the taxpayer’s taxable income for the year, or if that time is before the taxpayer’s eleventh following taxation year, the taxpayer’s allowable business investment loss for the year, and F is the amount determined under paragraph 3(c) in respect of the taxpayer for the year, B is the amount, if any, determined in respect of the taxpayer for the year under section 110.5 or subparagraph 115(1)(a)(vii), C[Repealed, 2000, c. 19, s. 19] D is the amount that would be the taxpayer’s farm loss for the year if the amount determined for B in the definition farm loss in this subsection were zero, D.1 is the total of all amounts deducted under subsection 111(10) in respect of the taxpayer for the year, and D.2 is the total of all amounts by which the non-capital loss of the taxpayer for the year is required to be reduced because of section 80; (perte autre qu’une perte en capital)

  2. 2024-06-20 to 2026-03-26 View Source
    non-capital loss of a taxpayer for a taxation year means, at any time, the amount determined by the formula(A + B) - (D + D.1 + D.2) where A is the amount determined by the formula E - F where E is the total of all amounts each of which is the taxpayer’s loss for the year from an office, employment, business or property, an amount deductible under paragraph 104(6)(a.4) in computing the taxpayer’s income for the year, an amount deducted under paragraph (1)(b)(1)(a.1) or (b) or section 110.6, or deductible under any of paragraphs 110(1)(d) to (g) and (k), section 112 and subsections 113(1) and 138(6), in computing the taxpayer’s taxable income for the year, or if that time is before the taxpayer’s eleventh following taxation year, the taxpayer’s allowable business investment loss for the year, and F is the amount determined under paragraph 3(c) in respect of the taxpayer for the year, B is the amount, if any, determined in respect of the taxpayer for the year under section 110.5 or subparagraph 115(1)(a)(vii), C[Repealed, 2000, c. 19, s. 19] D is the amount that would be the taxpayer’s farm loss for the year if the amount determined for B in the definition farm loss in this subsection were zero, D.1 is the total of all amounts deducted under subsection 111(10) in respect of the taxpayer for the year, and D.2 is the total of all amounts by which the non-capital loss of the taxpayer for the year is required to be reduced because of section 80; (perte autre qu’une perte en capital)
    Full text

    non-capital loss of a taxpayer for a taxation year means, at any time, the amount determined by the formula(A + B) - (D + D.1 + D.2) where A is the amount determined by the formula E - F where E is the total of all amounts each of which is the taxpayer’s loss for the year from an office, employment, business or property, an amount deductible under paragraph 104(6)(a.4) in computing the taxpayer’s income for the year, an amount deducted under paragraph (1)(a.1) or (b) or section 110.6, or deductible under any of paragraphs 110(1)(d) to (g) and (k), section 112 and subsections 113(1) and 138(6), in computing the taxpayer’s taxable income for the year, or if that time is before the taxpayer’s eleventh following taxation year, the taxpayer’s allowable business investment loss for the year, and F is the amount determined under paragraph 3(c) in respect of the taxpayer for the year, B is the amount, if any, determined in respect of the taxpayer for the year under section 110.5 or subparagraph 115(1)(a)(vii), C[Repealed, 2000, c. 19, s. 19] D is the amount that would be the taxpayer’s farm loss for the year if the amount determined for B in the definition farm loss in this subsection were zero, D.1 is the total of all amounts deducted under subsection 111(10) in respect of the taxpayer for the year, and D.2 is the total of all amounts by which the non-capital loss of the taxpayer for the year is required to be reduced because of section 80; (perte autre qu’une perte en capital)

  3. 2021-07-01 to 2024-06-20 View Source
    non-capital loss of a taxpayer for a taxation year means, at any time, the amount determined by the formula(A + B) - (D + D.1 + D.2) where A is the amount determined by the formula E - F where E is the total of all amounts each of which is the taxpayer’s loss for the year from an office, employment, business or property, an amount deductible under paragraph 104(6)(a.4) in computing the taxpayer’s income for the year, an amount deducted under paragraph (1)(b) or section 110.6, or deductible under any of paragraphs 110(1)(d) to (d.3), (f), (g) and (k), section 112 and subsections 113(1) and 138(6), in computing the taxpayer’s taxable income for the year, or if that time is before the taxpayer’s eleventh following taxation year, the taxpayer’s allowable business investment loss for the year, and F is the amount determined under paragraph 3(c) in respect of the taxpayer for the year, B is the amount, if any, determined in respect of the taxpayer for the year under section 110.5 or subparagraph 115(1)(a)(vii), C[Repealed, 2000, c. 19, s. 19] D is the amount that would be the taxpayer’s farm loss for the year if the amount determined for B in the definition farm loss in this subsection were zero, D.1 is the total of all amounts deducted under subsection 111(10) in respect of the taxpayer for the year, and D.2 is the total of all amounts by which the non-capital loss of the taxpayer for the year is required to be reduced because of section 80; (perte autre qu’une perte en capital)
    Full text

    non-capital loss of a taxpayer for a taxation year means, at any time, the amount determined by the formula(A + B) - (D + D.1 + D.2) where A is the amount determined by the formula E - F where E is the total of all amounts each of which is the taxpayer’s loss for the year from an office, employment, business or property, an amount deductible under paragraph 104(6)(a.4) in computing the taxpayer’s income for the year, an amount deducted under paragraph (1)(b) or section 110.6, or deductible under any of paragraphs 110(1)(d) to (g) and (k), section 112 and subsections 113(1) and 138(6), in computing the taxpayer’s taxable income for the year, or if that time is before the taxpayer’s eleventh following taxation year, the taxpayer’s allowable business investment loss for the year, and F is the amount determined under paragraph 3(c) in respect of the taxpayer for the year, B is the amount, if any, determined in respect of the taxpayer for the year under section 110.5 or subparagraph 115(1)(a)(vii), C[Repealed, 2000, c. 19, s. 19] D is the amount that would be the taxpayer’s farm loss for the year if the amount determined for B in the definition farm loss in this subsection were zero, D.1 is the total of all amounts deducted under subsection 111(10) in respect of the taxpayer for the year, and D.2 is the total of all amounts by which the non-capital loss of the taxpayer for the year is required to be reduced because of section 80; (perte autre qu’une perte en capital)

  4. 2018-01-01 to 2021-07-01 View Source
    non-capital loss of a taxpayer for a taxation year means, at any time, the amount determined by the formula(A + B) - (D + D.1 + D.2) where A is the amount determined by the formula E - F where E is the total of all amounts each of which is the taxpayer’s loss for the year from an office, employment, business or property, an amount deductible under paragraph 104(6)(a.4) in computing the taxpayer’s income for the year, an amount deducted under paragraph (1)(b) or section 110.6, or deductible under any of paragraphs 110(1)(d) to (d.3), (f), (g), (j)(g) and (k), section 112 and subsections 113(1) and 138(6), in computing the taxpayer’s taxable income for the year, or if that time is before the taxpayer’s eleventh following taxation year, the taxpayer’s allowable business investment loss for the year, and F is the amount determined under paragraph 3(c) in respect of the taxpayer for the year, B is the amount, if any, determined in respect of the taxpayer for the year under section 110.5 or subparagraph 115(1)(a)(vii), C[Repealed, 2000, c. 19, s. 19] D is the amount that would be the taxpayer’s farm loss for the year if the amount determined for B in the definition farm loss in this subsection were zero, D.1 is the total of all amounts deducted under subsection 111(10) in respect of the taxpayer for the year, and D.2 is the total of all amounts by which the non-capital loss of the taxpayer for the year is required to be reduced because of section 80; (perte autre qu’une perte en capital)
    Full text

    non-capital loss of a taxpayer for a taxation year means, at any time, the amount determined by the formula(A + B) - (D + D.1 + D.2) where A is the amount determined by the formula E - F where E is the total of all amounts each of which is the taxpayer’s loss for the year from an office, employment, business or property, an amount deductible under paragraph 104(6)(a.4) in computing the taxpayer’s income for the year, an amount deducted under paragraph (1)(b) or section 110.6, or deductible under any of paragraphs 110(1)(d) to (d.3), (f), (g) and (k), section 112 and subsections 113(1) and 138(6), in computing the taxpayer’s taxable income for the year, or if that time is before the taxpayer’s eleventh following taxation year, the taxpayer’s allowable business investment loss for the year, and F is the amount determined under paragraph 3(c) in respect of the taxpayer for the year, B is the amount, if any, determined in respect of the taxpayer for the year under section 110.5 or subparagraph 115(1)(a)(vii), C[Repealed, 2000, c. 19, s. 19] D is the amount that would be the taxpayer’s farm loss for the year if the amount determined for B in the definition farm loss in this subsection were zero, D.1 is the total of all amounts deducted under subsection 111(10) in respect of the taxpayer for the year, and D.2 is the total of all amounts by which the non-capital loss of the taxpayer for the year is required to be reduced because of section 80; (perte autre qu’une perte en capital)

  5. 2017-01-01 to 2018-01-01 View Source
    non-capital loss of a taxpayer for a taxation year means, at any time, the amount determined by the formula(A + B) - (D + D.1 + D.2) where A is the amount determined by the formula E - F where E is the total of all amounts each of which is the taxpayer’s loss for the year from an office, employment, business or property, an amount deductible under paragraph 104(6)(a.4) in computing the taxpayer’s income for the year, an amount deducted under paragraph (1)(b) or section 110.6, or deductible under any of paragraphs 110(1)(d) to (d.3), (f), (g), (j) and (k), section 112 and subsections 113(1) and 138(6), in computing the taxpayer’s taxable income for the year, or if that time is before the taxpayer’s eleventh following taxation year, the taxpayer’s allowable business investment loss for the year, and F is the amount determined under paragraph 3(c) in respect of the taxpayer for the year, B is the amount, if any, determined in respect of the taxpayer for the year under section 110.5 or subparagraph 115(1)(a)(vii), C[Repealed, 2000, c. 19, s. 19(4)]19] D is the amount that would be the taxpayer’s farm loss for the year if the amount determined for B in the definition farm loss in this subsection were zero, D.1 is the total of all amounts deducted under subsection 111(10) in respect of the taxpayer for the year, and D.2 is the total of all amounts by which the non-capital loss of the taxpayer for the year is required to be reduced because of section 80; (perte autre qu’une perte en capital)
    Full text

    non-capital loss of a taxpayer for a taxation year means, at any time, the amount determined by the formula(A + B) - (D + D.1 + D.2) where A is the amount determined by the formula E - F where E is the total of all amounts each of which is the taxpayer’s loss for the year from an office, employment, business or property, an amount deductible under paragraph 104(6)(a.4) in computing the taxpayer’s income for the year, an amount deducted under paragraph (1)(b) or section 110.6, or deductible under any of paragraphs 110(1)(d) to (d.3), (f), (g), (j) and (k), section 112 and subsections 113(1) and 138(6), in computing the taxpayer’s taxable income for the year, or if that time is before the taxpayer’s eleventh following taxation year, the taxpayer’s allowable business investment loss for the year, and F is the amount determined under paragraph 3(c) in respect of the taxpayer for the year, B is the amount, if any, determined in respect of the taxpayer for the year under section 110.5 or subparagraph 115(1)(a)(vii), C[Repealed, 2000, c. 19, s. 19] D is the amount that would be the taxpayer’s farm loss for the year if the amount determined for B in the definition farm loss in this subsection were zero, D.1 is the total of all amounts deducted under subsection 111(10) in respect of the taxpayer for the year, and D.2 is the total of all amounts by which the non-capital loss of the taxpayer for the year is required to be reduced because of section 80; (perte autre qu’une perte en capital)

  6. 2010-12-15 to 2017-01-01 View Source
    non-capital loss of a taxpayer for a taxation year means, at any time, the amount determined by the formula(A + B) - (D + D.1 + D.2) where A is the amount determined by the formula E - F where E is the total of all amounts each of which is the taxpayer’s loss for the year from an office, employment, business or property, an amount deductible under paragraph 104(6)(a.4) in computing the taxpayer’s income for the year, an amount deducted under paragraph (1)(b) or section 110.6, or deductible under any of paragraphs 110(1)(d) to (d.3), (f), (g), (j) and (k), section 112 and subsections 113(1) and 138(6), in computing the taxpayer’s taxable income for the year, or if that time is before the taxpayer’s eleventh following taxation year, the taxpayer’s allowable business investment loss for the year, and F is the amount determined under paragraph 3(c) in respect of the taxpayer for the year, B is the amount, if any, determined in respect of the taxpayer for the year under section 110.5 or subparagraph 115(1)(a)(vii), C[Repealed, 2000, c. 19, s. 19(4)] D is the amount that would be the taxpayer’s farm loss for the year if the amount determined for B in the definition farm loss in this subsection were zero, D.1 is the total of all amounts deducted under subsection 111(10) in respect of the taxpayer for the year, and D.2 is the total of all amounts by which the non-capital loss of the taxpayer for the year is required to be reduced because of section 80;
    Full text

    non-capital loss of a taxpayer for a taxation year means, at any time, the amount determined by the formula(A + B) - (D + D.1 + D.2) where A is the amount determined by the formula E - F where E is the total of all amounts each of which is the taxpayer’s loss for the year from an office, employment, business or property, an amount deductible under paragraph 104(6)(a.4) in computing the taxpayer’s income for the year, an amount deducted under paragraph (1)(b) or section 110.6, or deductible under any of paragraphs 110(1)(d) to (d.3), (f), (g), (j) and (k), section 112 and subsections 113(1) and 138(6), in computing the taxpayer’s taxable income for the year, or if that time is before the taxpayer’s eleventh following taxation year, the taxpayer’s allowable business investment loss for the year, and F is the amount determined under paragraph 3(c) in respect of the taxpayer for the year, B is the amount, if any, determined in respect of the taxpayer for the year under section 110.5 or subparagraph 115(1)(a)(vii), C[Repealed, 2000, c. 19, s. 19(4)] D is the amount that would be the taxpayer’s farm loss for the year if the amount determined for B in the definition farm loss in this subsection were zero, D.1 is the total of all amounts deducted under subsection 111(10) in respect of the taxpayer for the year, and D.2 is the total of all amounts by which the non-capital loss of the taxpayer for the year is required to be reduced because of section 80;

  7. 2006-06-22 to 2010-12-15 View Source
    non-capital loss of a taxpayer for a taxation year meansmeans, at any time, the amount determined by the formula(A + B) - (D + D.1 + D.2) where A is the amount determined by the formula E - F where E is the total of all amounts each of which is the taxpayer’s loss for the year from an office, employment, business or property, the taxpayer’s allowable business investment loss for the year, an amount deducted under paragraph (1)(b) or section 110.6 in computing the taxpayer’s taxable income for the year110.6, or an amount that may be deducteddeductible under any of paragraphs 110(1)(d) to (d.3), (f), (g), (j) and (k), section 112 and subsections 113(1) and 138(6)138(6), in computing the taxpayer’s taxable income for the year, or if that time is before the taxpayer’s eleventh following taxation year, the taxpayer’s allowable business investment loss for the year, and F is the amount determined under paragraph 3(c) in respect of the taxpayer for the year, B is the amount, if any, determined in respect of the taxpayer for the year under section 110.5 or subparagraph 115(1)(a)(vii), C[Repealed, 2000, c. 19, s. 19(4)] D is the amount that would be the taxpayer’s farm loss for the year if the amount determined for B in the definition farm loss in this subsection were zero, D.1 is the total of all amounts deducted under subsection 111(10) in respect of the taxpayer for the year, and D.2 is the total of all amounts by which the non-capital loss of the taxpayer for the year is required to be reduced because of section 80;
    Full text

    non-capital loss of a taxpayer for a taxation year means, at any time, the amount determined by the formula(A + B) - (D + D.1 + D.2) where A is the amount determined by the formula E - F where E is the total of all amounts each of which is the taxpayer’s loss for the year from an office, employment, business or property, an amount deducted under paragraph (1)(b) or section 110.6, or deductible under any of paragraphs 110(1)(d) to (d.3), (f), (g), (j) and (k), section 112 and subsections 113(1) and 138(6), in computing the taxpayer’s taxable income for the year, or if that time is before the taxpayer’s eleventh following taxation year, the taxpayer’s allowable business investment loss for the year, and F is the amount determined under paragraph 3(c) in respect of the taxpayer for the year, B is the amount, if any, determined in respect of the taxpayer for the year under section 110.5 or subparagraph 115(1)(a)(vii), C[Repealed, 2000, c. 19, s. 19(4)] D is the amount that would be the taxpayer’s farm loss for the year if the amount determined for B in the definition farm loss in this subsection were zero, D.1 is the total of all amounts deducted under subsection 111(10) in respect of the taxpayer for the year, and D.2 is the total of all amounts by which the non-capital loss of the taxpayer for the year is required to be reduced because of section 80;

  8. 2004-08-31 to 2006-06-22 View Source

    non-capital loss of a taxpayer for a taxation year means the amount determined by the formula(A + B) - (D + D.1 + D.2) where A is the amount determined by the formula E - F where E is the total of all amounts each of which is the taxpayer’s loss for the year from an office, employment, business or property, the taxpayer’s allowable business investment loss for the year, an amount deducted under paragraph (1)(b) or section 110.6 in computing the taxpayer’s taxable income for the year or an amount that may be deducted under any of paragraphs 110(1)(d) to (d.3), (f), (g), (j) and (k), section 112 and subsections 113(1) and 138(6) in computing the taxpayer’s taxable income for the year, and F is the amount determined under paragraph 3(c) in respect of the taxpayer for the year, B is the amount, if any, determined in respect of the taxpayer for the year under section 110.5 or subparagraph 115(1)(a)(vii), C[Repealed, 2000, c. 19, s. 19(4)] D is the amount that would be the taxpayer’s farm loss for the year if the amount determined for B in the definition farm loss in this subsection were zero, D.1 is the total of all amounts deducted under subsection 111(10) in respect of the taxpayer for the year, and D.2 is the total of all amounts by which the non-capital loss of the taxpayer for the year is required to be reduced because of section 80;