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The objective that inventory accounting should give effect to the matching principle is implicit in the authoritative literature on the subject although difficulties in applying the principle in specific circumstances have given rise to differing conventions which will be discussed below. ...

</p>] 81.(1) There shall not be included in computing the income of a taxpayer for a taxation year, (a) an amount that is declared to be exempt from income tax by any other enactment of Parliament of Canada, other than an amount received or receivable by an individual that is exempt by virtue of a provision contained in a tax convention or agreement with another country that has the force of law in Canada. 3 At the outset, it should be explained that paragraph 87(1)(b) does not exempt all Indians from income tax liability. ...

  « opération » “transaction” « opération » Sont assimilés à une opération une convention, un mécanisme ou un événement ...

Analysis   [4]               Paragraph 81(1) (a) of the Income Tax Act states:   81 (1)    There shall not be included in computing the income of a taxpayer for a taxation year,   (a)        an amount that is declared to be exempt from income tax by any other enactment of Parliament, other than an amount received or receivable by an individual that is exempt by virtue of a provision contained in a tax convention or agreement with another country that has the force of law in Canada;   [5]               Subsections 87(1) and (2) of the Indian Act states:   87 (1)    Notwithstanding any other Act of Parliament or any Act of the legislature of a province, but subject to section 83 and section 5 of the First Nations Fiscal and Statistical Management Act, the following property is exempt from taxation:   (a)        the interest of an Indian or a band in reserve lands or surrendered lands; and   (b)        the personal property of an Indian or a band situated on a reserve.   87(2)    No Indian or band is subject to taxation in respect of the ownership, occupation, possession or use of any property mentioned in paragraph (1)(a) or (b) or is otherwise subject to taxation in respect of any such property ...

Income Tax Act 81(1) There shall not be included in computing the income of a taxpayer for a taxation year, (a) an amount that is declared to be exempt from income tax by any other enactment of Parliament of Canada, other than an amount received or receivable by an individual that is exempt by virtue of a provision contained in a tax convention or agreement with another country that has the force of law in Canada. ...

Analysis   [17]          The provisions of the Excise Tax Act (the Act) relevant to the matter in issue are the following:   152(1) When consideration due — For the purposes of this Part, the consideration, or a part thereof, for a taxable supply shall be deemed to become due on the earliest of 152(1) Contrepartie due — Pour l'application de la présente partie, tout ou partie de la contrepartie d'une fourniture taxable est réputée devenir due le premier en date des jours suivants:   (a) the earlier of the day the supplier first issues an invoice in respect of the supply for that consideration or part and the date of that invoice, a) le premier en date du jour où le fournisseur délivre, pour la première fois, une facture pour tout ou partie de la contrepartie et du jour apparaissant sur la facture; (b) the day the supplier would have, but for an undue delay, issued an invoice in respect of the supply for that consideration or part, and b) le jour où le fournisseur aurait délivré une facture pour tout ou partie de la contrepartie, n'eût été un retard injustifié; (c) the day the recipient is required to pay that consideration or part to the supplier pursuant to an agreement in writing. c) le jour où l'acquéreur est tenu de payer tout ou partie de la contrepartie au fournisseur conformément à une convention écrite.    ... …     168(1) General rule — Tax under this Division in respect of a taxable supply is payable by the recipient on the earlier of the day the consideration for the supply is paid and the day the consideration for the supply becomes due. 168(1) Règle générale — La taxe prévue à la présente section est payable par l'acquéreur au premier en date du jour où la contrepartie de la fourniture taxable est payée et du jour où cette contrepartie devient due ...

It is only after the most careful and respectful consideration of the earlier decision, and after giving due weight to all the circumstances, that a Justice may give effect to his own opinions in preference to an earlier decision of the Court. [27]                           The vertical convention of precedent is not at issue with respect to the decision as to whether the Supreme Court should overrule one of its own precedents. ...

Also, section 81 of the Income Tax Act reads as follows: 81(1)    There shall not be included in computing the income of a taxpayer for a taxation year, (a)         an amount that is declared to be exempt from income tax by any other enactment of Parliament, other than an amount received or receivable by an individual that is exempt by virtue of a provision contained in a tax convention or agreement with another country that has the force of law in Canada; For Alice's purposes, section 87 states that property is exempt from taxation if that personal property of an Indian is situated on a reserve. ...

Canadian film or video production certificate means a certificate issued in respect of a production by the Minister of Canadian Heritage certifying that the production is a Canadian film or video production in respect of which that Minister is satisfied that, except where the production is a treaty co-production (as defined in subsection 1106(3) of the Income Tax Regulations), an acceptable share of revenues from the exploitation of the production in non-Canadian markets is, under the terms of any agreement, retained by Certificat de production cinématographique ou magnétoscopique canadienne Certificat délivré par le ministre du Patrimoine canadien relativement à une production et attestant qu’il s’agit d’une production cinématographique ou magnétoscopique canadienne relativement à laquelle ce ministre est convaincu que, sauf s’il s’agit d’une coproduction prévue par un accord, au sens du paragraphe 1106(3) du Règlement de l’impôt sur le revenu, une part acceptable des recettes provenant de l’exploitation de la production sur les marchés étrangers est retenue, selon les modalités d’une convention, par: (a) a qualified corporation that owns or owned an interest in, or for civil law a right in, the production; a) une société admissible qui est ou était propriétaire d’un intérêt ou, pour l’application du droit civil, d’un droit sur la production; (b) a prescribed taxable Canadian corporation related to the qualified corporation; or b) une société canadienne imposable visée par règlement qui est liée à la société admissible; (c) any combination of corporations described in paragraph (a) or (b). ...

(the company) during the years in question, and each of them claims that his or her income from the company is not subject to taxation by reason of paragraph 81(1) (a) of the Income Tax Act [2] and paragraph 87(1) (b) of the Indian Act. [3] Income Tax Act 81(1) There shall not be included in computing the income of a taxpayer for a taxation year, (a) an amount that is declared to be exempt from income tax by any other enactment of the Parliament of Canada, other than an amount received or receivable by an individual that is exempt by virtue of a provision contained in a tax convention or agreement with another country that has the force of law in Canada; Indian Act 87(1) Notwithstanding any other Act of Parliament or any Act of the legislature of a province, but subject to section 83, the following property is exempt from taxation, namely, (a) the interest of an Indian or a band in reserve lands or surrendered lands; and (b) the personal property of an Indian or a band situated on a reserve. (2) No Indian or band is subject to taxation in respect of the ownership, occupation, possession or use of any property mentioned in paragraph (1) (a) or (b) or is otherwise subject to taxation in respect of any such property. ...