I-3 - Taxation Act

Section 752.0.10.0.2 Disposition versions

2019-06-19

752.0.10.0.2. In this chapter,

“eligible work income” of an individual for a taxation year means the aggregate of all amounts, other than excluded work income, each of which is

(a)  an amount included under any of sections 32 to 58.3 in computing the individual’s income for the year from an office or employment;

(b)  the amount by which the individual’s income for the year from any business the individual carries on either alone or as a partner actively engaged in the business exceeds the aggregate of the individual’s losses for the year from such businesses;

(c)  an amount included in computing the individual’s income for the year under paragraph e.2 or e.6 of section 311; or

(d)  an amount included in computing the individual’s income for the year under paragraph h of section 312;

“excluded work income” of an individual for a taxation year means

(a)  an amount included in computing the individual’s income for the year from a previous office or employment, if each of the amounts that make up the income is the value of a benefit received or enjoyed by the individual in the year because of that office or employment;

(b)  an amount deducted in computing the individual’s taxable income for the year; or

(c)  (paragraph repealed);

(d)  an amount included in computing the individual’s income for the year from an office or employment with an employer, where the individual does not deal at arm’s length with the employer or, if the latter is a partnership, with any of its members;

“reduction threshold” applicable for a taxation year means the amount referred to in subparagraph d of the fourth paragraph of section 750.2 that, taking into account the application of that section, is to be used for the year.

2011, c. 34, s. 36; 2015, c. 21, s. 275; 2015, c. 36, s. 43; 2017, c. 29, s. 130; 2019, c. 14, s. 219.

2017-12-07

752.0.10.0.2. In this chapter,

“eligible work income” of an individual for a taxation year means the aggregate of all amounts, other than excluded work income, each of which is

(a)  an amount included under any of sections 32 to 58.3 in computing the individual’s income for the year from an office or employment;

(b)  the amount by which the individual’s income for the year from any business the individual carries on either alone or as a partner actively engaged in the business exceeds the aggregate of the individual’s losses for the year from such businesses;

(c)  an amount included in computing the individual’s income for the year under paragraph e.2 or e.6 of section 311; or

(d)  an amount included in computing the individual’s income for the year under paragraph h of section 312;

“excess work income limit” applicable for a taxation year means an amount equal to

(a)  $3,000, for any of the taxation years 2012 to 2014;

(b)  $4,000, for the taxation year 2015;

(c)  $6,000, for the taxation year 2016;

(d)  $8,000, for the taxation year 2017; and

(e)  $10,000, for a taxation year subsequent to the taxation year 2017;

“excess work income limit of a 63-year-old worker” applicable for a taxation year means an amount equal to

(a)  $4,000, for the taxation year 2017; and

(b)  $6,000, for a taxation year subsequent to the taxation year 2017;

“excess work income limit of a 64-year-old worker” applicable for a taxation year means an amount equal to

(a)  $4,000, for the taxation year 2016;

(b)  $6,000, for the taxation year 2017; and

(c)  $8,000, for a taxation year subsequent to the taxation year 2017;

“excluded work income” of an individual for a taxation year means

(a)  an amount included in computing the individual’s income for the year from a previous office or employment, if each of the amounts that make up the income is the value of a benefit received or enjoyed by the individual in the year because of that office or employment;

(b)  an amount deducted in computing the individual’s taxable income for the year; or

(c)  (paragraph repealed);

(d)  an amount included in computing the individual’s income for the year from an office or employment with an employer, where the individual does not deal at arm’s length with the employer or, if the latter is a partnership, with any of its members;

“reduction threshold” applicable for a taxation year means the amount referred to in subparagraph d of the fourth paragraph of section 750.2 that, taking into account the application of that section, is to be used for the year.

2011, c. 34, s. 36; 2015, c. 21, s. 275; 2015, c. 36, s. 43; 2017, c. 29, s. 130.

2015-12-04

752.0.10.0.2. In this chapter,

“eligible work income” of an individual for a taxation year means the aggregate of all amounts, other than excluded work income, each of which is

(a)  an amount included under any of sections 32 to 58.3 in computing the individual’s income for the year from an office or employment;

(b)  the amount by which the individual’s income for the year from any business the individual carries on either alone or as a partner actively engaged in the business exceeds the aggregate of the individual’s losses for the year from such businesses;

(c)  an amount included in computing the individual’s income for the year under paragraph e.2 or e.6 of section 311; or

(d)  an amount included in computing the individual’s income for the year under paragraph h of section 312;

“excess work income limit” applicable for a taxation year means an amount equal to

(a)  $3,000, for any of the taxation years 2012 to 2014;

(b)  $4,000, for the taxation year 2015;

(c)  $6,000, for the taxation year 2016;

(d)  $8,000, for the taxation year 2017; and

(e)  $10,000, for a taxation year subsequent to the taxation year 2017;

“excess work income limit of a 63-year-old worker” applicable for a taxation year means an amount equal to

(a)  $4,000, for the taxation year 2017; and

(b)  $6,000, for a taxation year subsequent to the taxation year 2017;

“excess work income limit of a 64-year-old worker” applicable for a taxation year means an amount equal to

(a)  $4,000, for the taxation year 2016;

(b)  $6,000, for the taxation year 2017; and

(c)  $8,000, for a taxation year subsequent to the taxation year 2017;

“excluded work income” of an individual for a taxation year means

(a)  an amount included in computing the individual’s income for the year from a previous office or employment, if each of the amounts that make up the income is the value of a benefit received or enjoyed by the individual in the year because of that office or employment;

(b)  an amount deducted in computing the individual’s taxable income for the year; or

(c)  (paragraph repealed);

(d)  an amount included in computing the individual’s income for the year from an office or employment with an employer, where the individual does not deal at arm’s length with the employer or, if the individual is employed by the members of a partnership, with any of those members;

“reduction threshold” applicable for a taxation year means the amount referred to in subparagraph d of the fourth paragraph of section 750.2 that, taking into account the application of that section, is to be used for the year.

2011, c. 34, s. 36; 2015, c. 21, s. 275; 2015, c. 36, s. 43.

2015-10-21

752.0.10.0.2. In this chapter,

“eligible work income” of an individual for a taxation year means the aggregate of all amounts, other than excluded work income, each of which is

(a)  an amount included under any of sections 32 to 58.3 in computing the individual’s income for the year from an office or employment;

(b)  the amount by which the individual’s income for the year from any business the individual carries on either alone or as a partner actively engaged in the business exceeds the aggregate of the individual’s losses for the year from such businesses;

(c)  an amount included in computing the individual’s income for the year under paragraph e.2 or e.6 of section 311; or

(d)  an amount included in computing the individual’s income for the year under paragraph h of section 312;

“excess work income limit” applicable for a taxation year means an amount equal to

(a)  $3,000, for any of the taxation years 2012 to 2014; and

(b)  $4,000, for a taxation year subsequent to the taxation year 2014;

“excluded work income” of an individual for a taxation year means

(a)  an amount included in computing the individual’s income for the year from a previous office or employment, if each of the amounts that make up the income is the value of a benefit received or enjoyed by the individual in the year because of that office or employment;

(b)  an amount deducted in computing the individual’s taxable income for the year; or

(c)  an amount attributable to a period in which the individual is under 65 years of age.

2011, c. 34, s. 36; 2015, c. 21, s. 275.

2012-01-01

752.0.10.0.2. In this chapter,

“eligible work income” of an individual for a taxation year means the aggregate of all amounts, other than excluded work income, each of which is

(a)  an amount included under any of sections 32 to 58.3 in computing the individual’s income for the year from an office or employment;

(b)  the amount by which the individual’s income for the year from any business the individual carries on either alone or as a partner actively engaged in the business exceeds the aggregate of the individual’s losses for the year from such businesses;

(c)  an amount included in computing the individual’s income for the year under paragraph e.2 or e.6 of section 311; or

(d)  an amount included in computing the individual’s income for the year under paragraph h of section 312;

“excess work income limit” applicable for a taxation year means an amount equal to

(a)  $3,000, for the taxation year 2012;

(b)  $4,000, for the taxation year 2013;

(c)  $5,000, for the taxation year 2014;

(d)  $8,000, for the taxation year 2015; and

(e)  $10,000, for a taxation year subsequent to the taxation year 2015;

“excluded work income” of an individual for a taxation year means

(a)  an amount included in computing the individual’s income for the year from an office or employment, if the amount is the value of a benefit received or enjoyed by the individual in the year because of a previous office or employment;

(b)  an amount deducted in computing the individual’s taxable income for the year; or

(c)  if the individual reaches 65 years of age in the year, an amount attributable to the part of the year that precedes the day on which the individual reaches that age.

2011, c. 34, s. 36.