Versions of s. 80.3(1), definition “breeding herd”

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.

2014-12-16 to present available View Source

breeding herd of a taxpayer at any time means the number determined by the formula A - (B - C) where A is the total number of the taxpayer’s breeding animals held in the course of carrying on a farming business at that time, B is the total number of the taxpayer’s breeding animals held in the business at that time that are female bovine cattle that have not given birth to calves, and C is the lesser of the number determined as the value of B and one-half the total number of the taxpayer’s breeding animals held in the business at that time that are female bovine cattle that have given birth to calves. (troupeau reproducteur)

Full text

breeding herd of a taxpayer at any time means the number determined by the formula A - (B - C) where A is the total number of the taxpayer’s breeding animals held in the course of carrying on a farming business at that time, B is the total number of the taxpayer’s breeding animals held in the business at that time that are female bovine cattle that have not given birth to calves, and C is the lesser of the number determined as the value of B and one-half the total number of the taxpayer’s breeding animals held in the business at that time that are female bovine cattle that have given birth to calves. (troupeau reproducteur)
2004-08-31 to 2014-12-16 View Source

breeding herd of a taxpayer at any time means the number determined by the formula A - (B - C) where A is the total number of the taxpayer’s breeding animals held in the course of carrying on a farming business at that time, B is the total number of the taxpayer’s breeding animals held in the business at that time that are female bovine cattle that have not given birth to calves, and C is the lesser of the number determined as the value of B and one-half the total number of the taxpayer’s breeding animals held in the business at that time that are female bovine cattle that have given birth to calves.