Hyperlawhypertext legal database Income Tax Act

← Historical versions

Versions of s. 31(2)

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.

  1. 2013-12-12 to present available View Source
    ForSubsection (1) does not apply to a taxpayer for a taxation year if the purpose of this section, the Minister may determine that a taxpayer’s chief source of income for a taxationthe year is neither farming nor a combination of farming and somemanufacturing otheror sourceprocessing in Canada of income.goods for sale and all or substantially all output from all farming businesses carried on by the taxpayer is used in the manufacturing or processing.
    Full text

    Subsection (1) does not apply to a taxpayer for a taxation year if the taxpayer’s chief source of income for the year is a combination of farming and manufacturing or processing in Canada of goods for sale and all or substantially all output from all farming businesses carried on by the taxpayer is used in the manufacturing or processing.

  2. 2004-08-31 to 2013-12-12 View Source

    For the purpose of this section, the Minister may determine that a taxpayer’s chief source of income for a taxation year is neither farming nor a combination of farming and some other source of income.