Income Tax Act (R.S.C., 1985, c. 1 (5th Supp.))
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Act current to 2024-06-19 and last amended on 2024-01-22. Previous Versions
Marginal note:Income from office or employment
5 (1) Subject to this Part, a taxpayer’s income for a taxation year from an office or employment is the salary, wages and other remuneration, including gratuities, received by the taxpayer in the year.
Marginal note:Loss from office or employment
(2) A taxpayer’s loss for a taxation year from an office or employment is the amount of the taxpayer’s loss, if any, for the taxation year from that source computed by applying, with such modifications as the circumstances require, the provisions of this Act respecting the computation of income from that source.
- [NOTE: Application provisions are not included in the consolidated text
- see relevant amending Acts and regulations.]
- 1970-71-72, c. 63, s. 1“5”
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