Income Tax Act (R.S.C., 1985, c. 1 (5th Supp.))

Act current to 2017-10-13 and last amended on 2017-07-01. Previous Versions

Marginal note:Tax payable by persons resident in Canada
  •  (1) An income tax shall be paid, as required by this Act, on the taxable income for each taxation year of every person resident in Canada at any time in the year.

  • Marginal note:Taxable income

    (2) The taxable income of a taxpayer for a taxation year is the taxpayer’s income for the year plus the additions and minus the deductions permitted by Division C.

  • Marginal note:Tax payable by non-resident persons

    (3) Where a person who is not taxable under subsection 2(1) for a taxation year

    • (a) was employed in Canada,

    • (b) carried on a business in Canada, or

    • (c) disposed of a taxable Canadian property,

    at any time in the year or a previous year, an income tax shall be paid, as required by this Act, on the person’s taxable income earned in Canada for the year determined in accordance with Division D.

  • NOTE: Application provisions are not included in the consolidated text;
  • see relevant amending Acts. 1970-71-72, c. 63, s. 1 “2”;
  • 1984, c. 1, s.1;
  • 1985, c. 45, s. 1.
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