Versions of s. 127.42(1), definition “eligible farming expenses”

eligible farming expenses, of a taxpayer for a designated province for a taxation year, means the amount determined by the formula A × B where A is nil, if the total of all amounts deducted in the year by the taxpayer in computing income under this Part from farming activities, excluding any deductions arising from inventory adjustments under section 28 and from transactions with persons that do not deal at arm’s length with the taxpayer, is less than $25,000, and in any other case, the total of all amounts deducted in the year by the taxpayer in computing income under this Part from farming activities, excluding any deductions arising from inventory adjustments under section 28 and from transactions with persons that do not deal at arm’s length with the taxpayer; and B is the taxpayer’s relevant proportion for the designated province for the taxation year. (dépenses agricoles admissibles)