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I-3, r. 1 - Regulation respecting the Taxation Act
Section 488r1
Disposition versions
488R1. The amounts that, under section 488 of the Act, may not be included in computing a taxpayer’s income are the following:
(a) the income of every corporation that is a water company 90% of the shares of which are owned by a Canadian municipality and a foreign border municipality;
(b) the income of every mineral exploration partnership formed under the Act respecting mineral exploration partnerships (chapter S-26), as it read before it was repealed;
(c) the income of the Société de développement de Oujé-Bougoumou or the Ouje-Bougoumou Eenuch Association situated on a reserve within the meaning of section 725.0.1 of the Act;
(d) the income of every corporation that is a telephone company and whose paid-up capital, determined under Title I of Book III of Part IV of the Act, does not exceed $15,000;
(e) an amount, other than an amount received or receivable by an individual, that is exempt from income tax in Québec or in Canada by virtue of a provision of a tax agreement entered into with a country other than Canada;
(f) an amount that is specifically exempt from income tax by virtue of a law of Québec or of Canada, other than the Income Tax Act (R.S.C. 1985, c. 1 (5th Suppl.)), the Indian Act (R.S.C. 1985, c. I-5), the Naskapi and the Cree-Naskapi Commission Act (S.C. 1984, c. 18), the Cree Nation of Eeyou Istchee Governance Agreement Act (S.C. 2018, c. 4, s. 1), the Foreign Missions and International Organizations Act (S.C. 1991, c. 41) and the Act respecting industrial accidents and occupational diseases (chapter A-3.001), and that is not an amount that is exempt by virtue of a provision of a tax agreement with a country other than Canada;
(g) an amount received under the Experimental program of job creation through group enterprise, established under Order in Council 3648-77 dated 2 November 1977;
(h) an amount received under the Allowance for Special Needs Program, established under paragraph 1 of section 5 of the Act respecting the Ministère de l’Enseignement supérieur, de la Recherche, de la Science et de la Technologie (chapter M-15.1.0.1);
(i) the amount of financial assistance granted under the program entitled “Programme de revitalisation des vieux quartiers” implemented by the Société d’habitation du Québec pursuant to Décret 442-96 (1996 G.O. 2, 2829);
(j) the amount of financial assistance granted under the Shelter Allowance Program for the elderly and for the family implemented by the Société d’habitation du Québec pursuant to Décret 904-97 (1997 G.O. 2, 5289), Décret 1094-98 (1998 G.O. 2, 5066) or Décret 1187-99 (1999 G.O. 2, 5548);
(k) an amount described in paragraph g.4 or g.5 of subsection 1 of section 81 of the Income Tax Act; and
(l) an amount received as a working income tax benefit under the Income Tax Act.
488R1. The amounts that, under section 488 of the Act, may not be included in computing a taxpayer’s income are the following:
(a) the income of every corporation that is a water company 90% of the shares of which are owned by a Canadian municipality and a foreign border municipality;
(b) the income of every mineral exploration partnership formed under the Act respecting mineral exploration partnerships (chapter S-26), as it read before it was repealed;
(c) the income of the Société de développement de Oujé-Bougoumou or the Ouje-Bougoumou Eenuch Association situated on a reserve within the meaning of section 725.0.1 of the Act;
(d) the income of every corporation that is a telephone company and whose paid-up capital, determined under Title I of Book III of Part IV of the Act, does not exceed $15,000;
(e) an amount, other than an amount received or receivable by an individual, that is exempt from income tax in Québec or in Canada by virtue of a provision of a tax agreement entered into with a country other than Canada;
(f) an amount that is specifically exempt from income tax by virtue of a law of Québec or of Canada, other than the Income Tax Act (R.S.C. 1985, c. 1 (5th Suppl.)), the Indian Act (R.S.C. 1985, c. I-5), the Cree-Naskapi (of Québec) Act (S.C. 1984, c. 18), the Foreign Missions and International Organizations Act (S.C. 1991, c. 41) and the Act respecting industrial accidents and occupational diseases (chapter A-3.001), and that is not an amount that is exempt by virtue of a provision of a tax agreement with a country other than Canada;
(g) an amount received under the Experimental program of job creation through group enterprise, established under Order in Council 3648-77 dated 2 November 1977;
(h) an amount received under the Allowance for Special Needs Program, established under paragraph 1 of section 5 of the Act respecting the Ministère de l’Enseignement supérieur, de la Recherche, de la Science et de la Technologie (chapter M-15.1.0.1);
(i) the amount of financial assistance granted under the program entitled “Programme de revitalisation des vieux quartiers” implemented by the Société d’habitation du Québec pursuant to Décret 442-96 (1996 G.O. 2, 2829);
(j) the amount of financial assistance granted under the Shelter Allowance Program for the elderly and for the family implemented by the Société d’habitation du Québec pursuant to Décret 904-97 (1997 G.O. 2, 5289), Décret 1094-98 (1998 G.O. 2, 5066) or Décret 1187-99 (1999 G.O. 2, 5548);
(k) an amount described in paragraph g.4 or g.5 of subsection 1 of section 81 of the Income Tax Act; and
(l) an amount received as a working income tax benefit under the Income Tax Act.
488R1. The amounts that, under section 488 of the Act, may not be included in computing a taxpayer’s income are the following:
(a) the income of every corporation that is a water company 90% of the shares of which are owned by a Canadian municipality and a foreign border municipality;
(b) the income of every mineral exploration partnership formed under the Act respecting mineral exploration partnerships (chapter S-26), as it read before it was repealed;
(c) the income of the Société de développement de Oujé-Bougoumou or the Ouje-Bougoumou Eenuch Association situated on a reserve within the meaning of section 725.0.1 of the Act;
(d) the income of every corporation that is a telephone company and whose paid-up capital, determined under Title I of Book III of Part IV of the Act, does not exceed $15,000;
(e) an amount, other than an amount received or receivable by an individual, that is exempt from income tax in Québec or in Canada by virtue of a provision of a tax agreement entered into with a country other than Canada;
(f) an amount that is specifically exempt from income tax by virtue of a law of Québec or of Canada, other than the Income Tax Act (R.S.C. 1985, c. 1 (5th Suppl.)), the Indian Act (R.S.C. 1985, c. I-5), the Cree-Naskapi (of Québec) Act (S.C. 1984, c. 18), the Foreign Missions and International Organizations Act (S.C. 1991, c. 41) and the Act respecting industrial accidents and occupational diseases (chapter A-3.001), and that is not an amount that is exempt by virtue of a provision of a tax agreement with a country other than Canada;
(g) an amount received under the Experimental program of job creation through group enterprise, established under Order in Council 3648-77 dated 2 November 1977;
(h) an amount received from the Ministère de l’Éducation, du Loisir et du Sport under the program entitled “Programme d’allocations pour les besoins particuliers des étudiants atteints d’une déficience fonctionnelle majeure”, established under paragraph 2 of section 10 of the Act respecting the Ministère de l’Enseignement supérieur et de la Science (chapter M-15.1.1), as it read before it was repealed, and mentioned in Conseil du Trésor Decision 174394 dated 4 July 1990;
(i) the amount of financial assistance granted under the program entitled “Programme de revitalisation des vieux quartiers” implemented by the Société d’habitation du Québec pursuant to Décret 442-96 (1996 G.O. 2, 2829);
(j) the amount of financial assistance granted under the Shelter Allowance Program for the elderly and for the family implemented by the Société d’habitation du Québec pursuant to Décret 904-97 (1997 G.O. 2, 5289), Décret 1094-98 (1998 G.O. 2, 5066) or Décret 1187-99 (1999 G.O. 2, 5548);
(k) an amount described in paragraph g.4 or g.5 of subsection 1 of section 81 of the Income Tax Act; and
(l) an amount received as a working income tax benefit under the Income Tax Act.
