Section 34.1

Subsection 34.1(1) - Additional Business Income

Cases

MacKay v. Canada, 2015 FCA 94, aff'g 2014 DTC 1059 [at 2959], 2014 TCC 33

The taxpayer's dentistry practice had a January 31 fiscal year end. His practice income increased dramatically from his 2005 to 2006 fiscal year,...

The text of this content is paywalled except for the first five days of each month. Subscribe or log in for unrestricted access.

Locations of other summaries Wordcount
Tax Topics - Statutory Interpretation - Ordinary Meaning no relief for "harsh" (timing difference) consequences 82

Administrative Policy

10 September 2014 External T.I. 2014-0522551E5 - Income for retired partner

The "Retired Partner" retired from a partnership of individuals (the Partnership – which had an off-calendar fiscal period ending January 31...

The text of this content is paywalled except for the first five days of each month. Subscribe or log in for unrestricted access.

Locations of other summaries Wordcount
Tax Topics - Income Tax Act - Section 96 - Subsection 96(1.1) retroactive effect of agreement to require s. 34.1(1) inclusion 270

11 February 1999 External T.I. 9808185 - SECTION 34.2 RESERVE34.2

S.34.1(8) relieved an individual who had left a partnership of any additional income inclusion under s. 34.1(1) in the year of departure.

Subsection 34.1(8)

Administrative Policy

17 May 2002 External T.I. 2001-0107815 F - APPLICATION DE LA LOI

Messrs. A, B and C carried on a business as partners in the ABC partnership, which has a June 30 fiscal period end. In order to form a partnership...

The text of this content is paywalled except for the first five days of each month. Subscribe or log in for unrestricted access.

Locations of other summaries Wordcount
Tax Topics - Income Tax Act - Section 96 s. 249.1(1) overrode the normal perspective that the partnership business was carried on by the partners both before and after a new partnership was formed 170