Section 122.51

Subsection 122.51(1)

Eligible Individual

Paragraph (c)

Subparagraph (c))ii)

Administrative Policy

12 November 2008 External T.I. 2008-0295731E5 F - Supplément remboursable pour frais médicaux

reference to sources of income from business did not require netting partnership business loss against business income from 2nd partnership

The income, excluding losses, from each business carried on by an individual was required to be at least $2,984 in order to generate a refundable medical expense supplement credit. CRA found that the individual’s loss from a business carried on through one partnership was not to be netted against the income from a business carried on through another partnership for these purposes.

Locations of other summaries Wordcount
Tax Topics - Income Tax Act - Section 96 - Subsection 96(1) - Paragraph 96(1)(f) statutory reference to sources of income from businesses did not require netting business loss from 1st partnership against business income from 2nd partnership 79