Versions of s. 146.01(4)

I-3.3 — Income Tax Act · 3 versions · View current text

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

2024-06-20 to present available View Source

~~There~~Subject to subsection (4.1), there shall be included in computing an individual’s income for a particular taxation year included in a particular participation period of the individual the amount determined by the formula[(A - B - C) / (15 - D)] - E where A is where the individual died or ceased to be resident in Canada in the particular year, or the completion date in respect of an eligible amount received by the individual was in the particular year nil and in any other case, the total of all eligible amounts received by the individual in preceding taxation years included in the particular period, B is nil, if the completion date in respect of an eligible amount received by the individual was in the preceding taxation year, and in any other case, the total of all amounts each of which is designated under subsection (3) by the individual for a preceding taxation year included in the particular period; C is the total of all amounts each of which is included under this subsection or subsection (5) in computing the individual’s income for a preceding taxation year included in the particular period; D is the lesser of 14 and the number of taxation years of the individual ending in the period beginning where the completion date in respect of an eligible amount received by the individual was before 1995, January 1, 1995, and in any other case, January 1 of the first calendar year beginning after the completion date in respect of an eligible amount received by the individual and ending at the beginning of the particular year, and E is if the completion date in respect of an eligible amount received by the individual was in the preceding taxation year, the total of all amounts each of which is designated under subsection (3) by the individual for the particular year or any preceding taxation year included in the particular period, and in any other case, the amount designated under subsection (3) by the individual for the particular year.

Full text

Subject to subsection (4.1), there shall be included in computing an individual’s income for a particular taxation year included in a particular participation period of the individual the amount determined by the formula[(A - B - C) / (15 - D)] - E where A is where the individual died or ceased to be resident in Canada in the particular year, or the completion date in respect of an eligible amount received by the individual was in the particular year nil and in any other case, the total of all eligible amounts received by the individual in preceding taxation years included in the particular period, B is nil, if the completion date in respect of an eligible amount received by the individual was in the preceding taxation year, and in any other case, the total of all amounts each of which is designated under subsection (3) by the individual for a preceding taxation year included in the particular period; C is the total of all amounts each of which is included under this subsection or subsection (5) in computing the individual’s income for a preceding taxation year included in the particular period; D is the lesser of 14 and the number of taxation years of the individual ending in the period beginning where the completion date in respect of an eligible amount received by the individual was before 1995, January 1, 1995, and in any other case, January 1 of the first calendar year beginning after the completion date in respect of an eligible amount received by the individual and ending at the beginning of the particular year, and E is if the completion date in respect of an eligible amount received by the individual was in the preceding taxation year, the total of all amounts each of which is designated under subsection (3) by the individual for the particular year or any preceding taxation year included in the particular period, and in any other case, the amount designated under subsection (3) by the individual for the particular year.
2013-06-26 to 2024-06-20 View Source

There shall be included in computing an individual’s income for a particular taxation year included in a particular participation period of the individual the amount determined by the formula[(A - B - C) / (15 - D)] - E where A is where the individual died or ceased to be resident in Canada in the particular year, or the completion date in respect of an eligible amount received by the individual was in the particular year nil and in any other case, the total of all eligible amounts received by the individual in preceding taxation years included in the particular period, B is nil, if the completion date in respect of an eligible amount received by the individual was in the preceding taxation year, and in any other case, the total of all amounts each of which is designated under subsection (3) by the individual for a preceding taxation year included in the particular period; C is the total of all amounts each of which is included under this subsection or subsection (5) in computing the individual’s income for a preceding taxation year included in the particular period; D is the lesser of 14 and the number of taxation years of the individual ending in the period beginning where the completion date in respect of an eligible amount received by the individual was before 1995, January 1, 1995, and in any other case, January 1 of the first calendar year beginning after the completion date in respect of an eligible amount received by the individual and ending at the beginning of the particular year, and E is if the completion date in respect of an eligible amount received by the individual was in the preceding taxation year, the total of all amounts each of which is designated under subsection (3) by the individual for the particular year or any preceding taxation year included in the particular period, and in any other case, the amount designated under subsection (3) by the individual for the particular year.

Full text

There shall be included in computing an individual’s income for a particular taxation year included in a particular participation period of the individual the amount determined by the formula[(A - B - C) / (15 - D)] - E where A is where the individual died or ceased to be resident in Canada in the particular year, or the completion date in respect of an eligible amount received by the individual was in the particular year nil and in any other case, the total of all eligible amounts received by the individual in preceding taxation years included in the particular period, B is nil, if the completion date in respect of an eligible amount received by the individual was in the preceding taxation year, and in any other case, the total of all amounts each of which is designated under subsection (3) by the individual for a preceding taxation year included in the particular period; C is the total of all amounts each of which is included under this subsection or subsection (5) in computing the individual’s income for a preceding taxation year included in the particular period; D is the lesser of 14 and the number of taxation years of the individual ending in the period beginning where the completion date in respect of an eligible amount received by the individual was before 1995, January 1, 1995, and in any other case, January 1 of the first calendar year beginning after the completion date in respect of an eligible amount received by the individual and ending at the beginning of the particular year, and E is if the completion date in respect of an eligible amount received by the individual was in the preceding taxation year, the total of all amounts each of which is designated under subsection (3) by the individual for the particular year or any preceding taxation year included in the particular period, and in any other case, the amount designated under subsection (3) by the individual for the particular year.
2004-08-31 to 2013-06-26 View Source

There shall be included in computing an individual’s income for a particular taxation year included in a particular participation period of the individual the amount determined by the formula[(A - B - C) / (15 - D)] - E where A is where the individual died or ceased to be resident in Canada in the particular year, or the completion date in respect of an eligible amount received by the individual was in the particular year nil and in any other case, the total of all eligible amounts received by the individual in preceding taxation years included in the particular period, B is nil, if the completion date in respect of an eligible amount received by the individual was in the preceding taxation year, and in any other case, the total of all amounts each of which is designated under subsection (3) by the individual for a preceding taxation year included in the particular period; C is the total of all amounts each of which is included under this subsection or subsection (5) in computing the individual’s income for a preceding taxation year included in the particular period; D is the lesser of 14 and the number of taxation years of the individual ending in the period beginning where the completion date in respect of an eligible amount received by the individual was before 1995, January 1, 1995, and in any other case, January 1 of the first calendar year beginning after the completion date in respect of an eligible amount received by the individual and ending at the beginning of the particular year, and E is if the completion date in respect of an eligible amount received by the individual was in the preceding taxation year, the total of all amounts each of which is designated under subsection (3) by the individual for the particular year or any preceding taxation year included in the particular period, and in any other case, the amount designated under subsection (3) by the individual for the particular year.