Versions of s. 146.02(4)

I-3.3 — Income Tax Act · 2 versions · View current text

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

2016-06-22 to present available View Source

There shall be included in computing an individual’s income for a particular taxation year that begins after 2000 the amount determined by the formula[(A - B - C)/(10 - D)] - E where A is nil, if the individual died or ceased to be resident in Canada in the particular year, or the beginning of the particular year is not included in a repayment period of the individual, and in any other case, the total of all eligible amounts received by the individual in preceding taxation years (other than taxation years in participation periods of the individual that ended before the particular year); B is nil, if the particular year is the first taxation year in a repayment period of the individual, and in any other case, the total of all amounts designated under subsection (3) by the individual for preceding taxation years (other than taxation years in participation periods of the individual that ended before the particular year); 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 (other than a taxation year included in a participation period of the individual that ended before the particular year); D is the lesser of nine and the number of taxation years of the individual that end in the period that begins at the beginning of the individual’s last repayment period that began at or before the beginning of the particular year, and ends at the beginning of the particular year; and E is if the particular year is the first taxation year within a repayment period of the individual, the total of the amount designated under subsection (3) by the individual for the particular year and all amounts so designated for preceding taxation years (other than taxation years in participation periods of the individual that ended before the particular year), 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 that begins after 2000 the amount determined by the formula[(A - B - C)/(10 - D)] - E where A is nil, if the individual died or ceased to be resident in Canada in the particular year, or the beginning of the particular year is not included in a repayment period of the individual, and in any other case, the total of all eligible amounts received by the individual in preceding taxation years (other than taxation years in participation periods of the individual that ended before the particular year); B is nil, if the particular year is the first taxation year in a repayment period of the individual, and in any other case, the total of all amounts designated under subsection (3) by the individual for preceding taxation years (other than taxation years in participation periods of the individual that ended before the particular year); 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 (other than a taxation year included in a participation period of the individual that ended before the particular year); D is the lesser of nine and the number of taxation years of the individual that end in the period that begins at the beginning of the individual’s last repayment period that began at or before the beginning of the particular year, and ends at the beginning of the particular year; and E is if the particular year is the first taxation year within a repayment period of the individual, the total of the amount designated under subsection (3) by the individual for the particular year and all amounts so designated for preceding taxation years (other than taxation years in participation periods of the individual that ended before the particular year), and in any other case, the amount designated under subsection (3) by the individual for the particular year.
2004-08-31 to 2016-06-22 View Source

There shall be included in computing an individual’s income for a particular taxation year that begins after 2000 the amount determined by the formula[(A - B - C)/(10 - D)] - E where A is nil, if the individual died or ceased to be resident in Canada in the particular year, or the beginning of the particular year is not included in a repayment period of the individual, and in any other case, the total of all eligible amounts received by the individual in preceding taxation years (other than taxation years in participation periods of the individual that ended before the particular year); B is nil, if the particular year is the first taxation year in a repayment period of the individual, and in any other case, the total of all amounts designated under subsection (3) by the individual for preceding taxation years (other than taxation years in participation periods of the individual that ended before the particular year); 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 (other than a taxation year included in a participation period of the individual that ended before the particular year); D is the lesser of nine and the number of taxation years of the individual that end in the period that begins at the beginning of the individual’s last repayment period that began at or before the beginning of the particular year, and ends at the beginning of the particular year; and E is if the particular year is the first taxation year within a repayment period of the individual, the total of the amount designated under subsection (3) by the individual for the particular year and all amounts so designated for preceding taxation years (other than taxation years in participation periods of the individual that ended before the particular year), and in any other case, the amount designated under subsection (3) by the individual for the particular year.