The goal of the structure shown in this table is to make federal income taxes

Table of Contents

• Income Tax Act
  • 1 - Short Title
  • 2 - PART I - Income Tax
    • 2 - DIVISION A - Liability for Tax
    • 3 - DIVISION B - Computation of Income
      • 3 - Basic Rules
      • 5 - SUBDIVISION A - Income or Loss from an Office or Employment
        • 5 - Basic Rules
        • 6 - Inclusions
        • 8 - Deductions
      • 9 - SUBDIVISION B - Income or Loss from a Business or Property
        • 9 - Basic Rules
        • 12 - Inclusions
        • 18 - Deductions
        • 22 - Ceasing to carry on business
        • 26 - Special Cases
      • 38 - SUBDIVISION C - Taxable Capital Gains and Allowable Capital Losses
        • 47.1 - Indexed Security Investment Plans
      • 56 - SUBDIVISION D - Other Sources of Income
        • 56.4 - Restrictive Covenants
      • 60 - SUBDIVISION E - Deductions in Computing Income
      • 67 - SUBDIVISION F - Rules Relating to Computation of Income
      • 81 - SUBDIVISION G - Amounts Not Included in Computing Income
      • 82 - SUBDIVISION H - Corporations Resident in Canada and their Shareholders
        • 86.1 - Foreign Spin-offs
      • 90 - SUBDIVISION I - Shareholders of Corporations Not Resident in Canada
      • 96 - SUBDIVISION J - Partnerships and their Members
      • 104 - SUBDIVISION K - Trusts and their Beneficiaries
    • 110 - DIVISION C - Computation of Taxable Income
      • 110.2 - Lump-sum Payments
    • 115 - DIVISION D - Taxable Income Earned in Canada by Non-Residents
      • 115.2 - Non-Residents with Canadian Investment Service Providers
    • 117 - DIVISION E - Computation of Tax
      • 117 - SUBDIVISION A - Rules Applicable to Individuals
        • 117.1 - Annual Adjustment of Deductions and Other Amounts
        • 120.31 - Lump-sum Payments
        • 120.4 - Tax on Split Income
      • 122.6 - SUBDIVISION A.1 - Canada Child Benefit
      • 122.7 - SUBDIVISION A.2 - Canada Workers Benefit
      • 122.8 - SUBDIVISION A.3 - Climate Action Incentive
      • 122.9 - SUBDIVISION A.4 - School Supplies Tax Credit
      • 122.91 - SUBDIVISION A.5 - Canada Training Credit
      • 123 - SUBDIVISION B - Rules Applicable to Corporations
        • 123.4 - Corporation Tax Reductions
        • 125.4 - Canadian Film or Video Production Tax Credit
        • 125.5 - Film or Video Production Services Tax Credit
      • 126 - SUBDIVISION C - Rules Applicable to all Taxpayers
        • 127.43 - COVID-19 – Air Quality Improvement Tax Credit
    • 127.5 - DIVISION E.1 - Minimum Tax
    • 128 - DIVISION F - Special Rules Applicable in Certain Circumstances
      • 128 - Bankruptcies
      • 128.1 - Changes in Residence
      • 129 - Private Corporations
      • 130 - Investment Corporations
      • 130.1 - Mortgage Investment Corporations
      • 131 - Mutual Fund Corporations
      • 132 - Mutual Fund Trusts
      • 133 - Non-Resident-Owned Investment Corporations
      • 135 - Patronage Dividends
      • 135.1 - Agricultural Cooperatives — Tax-deferred Patronage Dividends
      • 135.2 - Continuance of the Canadian Wheat Board
      • 136 - Cooperative Corporations
      • 137 - Credit Unions, Savings and Credit Unions and Deposit Insurance Corporations
      • 138 - Insurance Corporations
      • 139.1 - Demutualization of Insurance Corporations
      • 142.2 - Financial Institutions
        • 142.2 - Interpretation
        • 142.3 - Income from Specified Debt Obligations
        • 142.4 - Disposition of Specified Debt Obligations
        • 142.5 - Mark-to-Market Properties
        • 142.6 - Additional Rules
        • 142.7 - Conversion of Foreign Bank Affiliate to Branch
        • 143 - Communal Organizations
      • 143.2 - Cost of Tax Shelter Investments and Limited-recourse Debt in Respect of Gifting Arrangements
      • 143.3 - Expenditure — Limitations
      • 143.4 - Expenditure — Limit for Contingent Amount
    • 144 - DIVISION G - Deferred and Other Special Income Arrangements
      • 144 - Employees Profit Sharing Plans
      • 144.1 - Employee Life and Health Trust
      • 145 - Registered Supplementary Unemployment Benefit Plans
      • 146 - Registered Retirement Savings Plans
      • 146.01 - Home Buyers’ Plan
      • 146.02 - Lifelong Learning Plan
      • 146.1 - Registered Education Savings Plans
      • 146.2 - Tax-free Savings Accounts
      • 146.3 - Registered Retirement Income Funds
      • 146.4 - Registered Disability Savings Plan
      • 146.5 - Advanced Life Deferred Annuity
      • 147 - Deferred Profit Sharing Plans
      • 147.1 - Registered Pension Plans
      • 147.5 - Pooled Registered Pension Plans
      • 148 - Life Insurance Policies
      • 148.1 - Eligible Funeral Arrangements
    • 149 - DIVISION H - Exemptions
      • 149 - Miscellaneous Exemptions
      • 149.1 - Qualified Donees
    • 150 - DIVISION I - Returns, Assessments, Payment and Appeals
      • 150 - Returns
      • 151 - Estimate of Tax
      • 152 - Assessment
      • 153 - Payment of Tax
      • 161 - Interest
      • 161.1 - Offset of Refund Interest and Arrears Interest
      • 161.3 - Small Amounts Owing
      • 162 - Penalties
      • 163.2 - Misrepresentation of a Tax Matter by a Third Party
      • 164 - Refunds
      • 165 - Objections to Assessments
      • 166 - General
      • 168 - Revocation of Registration of Certain Organizations and Associations
        • 168.1 - Designation of Qualified Canadian Journalism Organizations
    • 169 - DIVISION J - Appeals to the Tax Court of Canada and the Federal Court of Appeal
  • 180.01 - PART I.01 - Tax in Respect of Stock Option Benefit Deferral
  • 180.1 - PART I.1 - Individual Surtax
  • 180.2 - PART I.2 - Tax on Old Age Security Benefits
  • 181 - PART I.3 - Tax on Large Corporations
  • 182 - PART II - [Repealed, 2017, c. 20, s. 27]
  • 183.1 - PART II.1 - Tax on Corporate Distributions
  • 184 - PART III - Additional Tax on Excessive Elections
  • 185.1 - PART III.1 - Additional Tax on Excessive Eligible Dividend Designations
  • 186 - PART IV - Tax on Taxable Dividends Received by Private Corporations
  • 187.1 - PART IV.1 - Taxes on Dividends on Certain Preferred Shares Received by Corporations
  • 187.7 - PART V - Tax and Penalties in Respect of Qualified Donees
  • 190 - PART VI - Tax on Capital of Financial Institutions
    • 190.1 - Calculation of Capital Tax
    • 190.2 - Administrative Provisions
  • 191 - PART VI.1 - Tax on Corporations Paying Dividends on Taxable Preferred Shares
  • 192 - PART VII - Refundable Tax on Corporations Issuing Qualifying Shares
  • 194 - PART VIII - Refundable Tax on Corporations in Respect of Scientific Research and Experimental Development Tax Credit
  • 196 - PART IX - Tax on Deduction Under Section 66.5
  • 197 - PART IX.1 - Tax on Sift Partnerships
  • 198 - PART X - Taxes on Deferred Profit Sharing Plans and Revoked Plans
  • 204.1 - PART X.1 - Tax in Respect of Over-contributions to Deferred Income Plans
  • 204.4 - PART X.2 - Tax in Respect of Registered Investments
  • 204.8 - PART X.3 - Labour-sponsored Venture Capital Corporations
  • 204.9 - PART X.4 - Tax in Respect of Overpayments to Registered Education Savings Plans
  • 204.94 - PART X.5 - Payments Under Registered Education Savings Plans
  • 205 - PART XI - Tax in Respect of Advanced Life Deferred Annuity
  • 207.01 - PART XI.01 - Taxes in Respect of Registered Plans
  • 207.1 - PART XI.1 - Tax in Respect of Deferred Income Plans and Other Tax Exempt Persons
  • 207.3 - PART XI.2 - Tax in Respect of Dispositions of Certain Properties
  • 207.5 - PART XI.3 - Tax in Respect of Retirement Compensation Arrangements
  • 207.8 - PART XI.4 - Tax on Excess EPSP Amounts
  • 207.9 - PART XI.5 - Tax in Respect of Employee Life and Health Trust
  • 208 - PART XII - Tax in Respect of Certain Royalties, Taxes, Lease Rentals, Etc., Paid to a Government by a Tax Exempt Person
  • 209 - PART XII.1 - Tax on Carved-out Income
  • 210 - PART XII.2 - Tax on Designated Income of Certain Trusts
  • 211 - PART XII.3 - Tax on Investment Income of Life Insurers
  • 211.6 - PART XII.4 - Tax on Qualifying Environmental Trusts
  • 211.7 - PART XII.5 - Recovery of Labour-sponsored Funds Tax Credit
  • 211.91 - PART XII.6 - Tax on Flow-through Shares
  • 212 - PART XIII - Tax on Income from Canada of Non-resident Persons
  • 218.2 - PART XIII.1 - Additional Tax on Authorized Foreign Banks
  • 218.3 - PART XIII.2 - Non-resident Investors in Canadian Mutual Funds
  • 219 - PART XIV - Additional Tax on Non-resident Corporations
  • 220 - PART XV - Administration and Enforcement
    • 220 - Administration
    • 222 - Collection
    • 230 - General
    • 238 - Offences and Punishment
    • 244 - Procedure and Evidence
  • 244.1 - PART XV.1 - Reporting of Electronic Funds Transfer
  • 245 - PART XVI - Tax Avoidance
  • 247 - PART XVI.1 - Transfer Pricing
  • 248 - PART XVII - Interpretation
  • 263 - PART XVIII - Enhanced International Information Reporting
  • 270 - PART XIX - Common Reporting Standard
  • SCHEDULE - Listed Corporations

• Related Provisions
• Amendments Not In Force

* List of amendments since 2019-01-01 (limited to last 10 amendments) [more details]

• Income Earned in Quebec Income Tax Remission Order, 1982 
• Income Tax Regulations 
• Proclamation Fixing Valuation Days 

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