I-3 - Taxation Act

Section 358.0.3 Disposition versions

2020-06-15

358.0.3. An individual, other than a trust, may deduct in computing the individual’s income for a taxation year the lesser of $1,000 and 6% of the aggregate of all amounts each of which is any of the following amounts, other than an amount described in the second paragraph:

(a)  an amount included under any of sections 32 to 58.3 in computing the individual’s income for the year from an office or employment;

(b)  the amount by which the individual’s income for the year from any business the individual carries on either alone or as a partner actively engaged in the business exceeds the aggregate of the individual’s losses for the year from such businesses;

(c)  an amount included in computing the individual’s income for the year under paragraph e.2 or e.6 of section 311; or

(d)  an amount included in computing the individual’s income for the year under paragraph h of section 312.

The amount to which the first paragraph refers is

(a)  an amount included in computing the individual’s income for the year from an office or employment held by the individual as an elected member of a municipal council, a member of the council or executive committee of a metropolitan community, regional county municipality or other similar body established under an Act of Québec, a member of a municipal utilities commission or corporation or any other similar body administering such utilities, a member of a school service centre’s board of directors or a member of a public or separate school board or any other similar body administering a school district;

(b)  an amount included in computing the individual’s income for the year from an office held by the individual as a member of the National Assembly, the House of Commons of Canada, the Senate or the legislature of another province;

(b.1)  an amount included in computing the individual’s income for the year from a previous office or employment, if each of the amounts that make up the income is the value of a benefit received or enjoyed by the individual in the year because of that office or employment; or

(c)  if the individual is an Indian, within the meaning assigned to that expression by section 725.0.1, the amount the individual included in computing the individual’s income for the year and that is described in paragraph e of section 725.

2005, c. 38, s. 76; 2006, c. 36, s. 40; 2010, c. 5, s. 41; 2015, c. 21, s. 170; 2020, c. 1, s. 281.

2015-10-21

358.0.3. An individual, other than a trust, may deduct in computing the individual’s income for a taxation year the lesser of $1,000 and 6% of the aggregate of all amounts each of which is any of the following amounts, other than an amount described in the second paragraph:

(a)  an amount included under any of sections 32 to 58.3 in computing the individual’s income for the year from an office or employment;

(b)  the amount by which the individual’s income for the year from any business the individual carries on either alone or as a partner actively engaged in the business exceeds the aggregate of the individual’s losses for the year from such businesses;

(c)  an amount included in computing the individual’s income for the year under paragraph e.2 or e.6 of section 311; or

(d)  an amount included in computing the individual’s income for the year under paragraph h of section 312.

The amount to which the first paragraph refers is

(a)  an amount included in computing the individual’s income for the year from an office or employment held by the individual as an elected member of a municipal council, a member of the council or executive committee of a metropolitan community, regional county municipality or other similar body established under an Act of Québec, a member of a municipal utilities commission or corporation or any other similar body administering such utilities or a member of a public or separate school board or any other similar body administering a school district;

(b)  an amount included in computing the individual’s income for the year from an office held by the individual as a member of the National Assembly, the House of Commons of Canada, the Senate or the legislature of another province;

(b.1)  an amount included in computing the individual’s income for the year from a previous office or employment, if each of the amounts that make up the income is the value of a benefit received or enjoyed by the individual in the year because of that office or employment; or

(c)  if the individual is an Indian, within the meaning assigned to that expression by section 725.0.1, the amount the individual included in computing the individual’s income for the year and that is described in paragraph e of section 725.

2005, c. 38, s. 76; 2006, c. 36, s. 40; 2010, c. 5, s. 41; 2015, c. 21, s. 170.

2010-04-20

358.0.3. An individual, other than a trust, may deduct in computing the individual’s income for a taxation year the lesser of $1,000 and 6% of the aggregate of all amounts, other than those described in the second paragraph, each of which is

(a)  an amount included under any of sections 32 to 58.3 in computing the individual’s income for the year from an office or employment;

(b)  the amount by which the individual’s income for the year from any business the individual carries on either alone or as a partner actively engaged in the business exceeds the aggregate of the individual’s losses for the year from such businesses;

(c)  an amount included in computing the individual’s income for the year under paragraph e.2 or e.6 of section 311; or

(d)  an amount included in computing the individual’s income for the year under paragraph h of section 312.

The amounts to which the first paragraph refers are

(a)  the amounts included in computing the individual’s income for the year from an office or employment held by the individual as an elected member of a municipal council, a member of the council or executive committee of a metropolitan community, regional county municipality or other similar body established under an Act of the Legislature of Québec, a member of a municipal utilities commission or corporation or any other similar body administering such utilities or a member of a public or separate school board or any other similar body administering a school district;

(b)  the amounts included in computing the individual’s income for the year from an office held by the individual as a member of the National Assembly, the House of Commons of Canada, the Senate or the legislature of another province;

(b.1)  the amounts included in computing the individual’s income for the year from an office or employment, if each of those amounts is the value of a benefit received or enjoyed by the individual in the year because of a previous office or employment; and

(c)  if the individual is an Indian, within the meaning assigned to that expression by section 725.0.1, the amount the individual included in computing the individual’s income for the year and that is described in paragraph e of section 725.

2005, c. 38, s. 76; 2006, c. 36, s. 40; 2010, c. 5, s. 41.

2007-01-01

358.0.3. An individual, other than a trust, may deduct in computing the individual’s income for a taxation year the lesser of $1,000 and 6% of the aggregate of all amounts, other than those described in the second paragraph, each of which is

(a)  an amount included under any of sections 32 to 58.3 in computing the individual’s income for the year from an office or employment;

(b)  the amount by which the individual’s income for the year from any business the individual carries on either alone or as a partner actively engaged in the business exceeds the aggregate of the individual’s losses for the year from such businesses;

(c)  an amount included in computing the individual’s income for the year under paragraph e.2 of section 311; or

(d)  an amount included in computing the individual’s income for the year under paragraph h of section 312.

The amounts to which the first paragraph refers are

(a)  the amounts included in computing the individual’s income for the year from an office or employment held by the individual as an elected member of a municipal council, a member of the council or executive committee of a metropolitan community, regional county municipality or other similar body established under an Act of the Legislature of Québec, a member of a municipal utilities commission or corporation or any other similar body administering such utilities or a member of a public or separate school board or any other similar body administering a school district;

(b)  the amounts included in computing the individual’s income for the year from an office held by the individual as a member of the National Assembly, the House of Commons of Canada, the Senate or the legislature of another province;

(b.1)  the amounts included in computing the individual’s income for the year from an office or employment, if each of those amounts is the value of a benefit received or enjoyed by the individual in the year because of a previous office or employment; and

(c)  if the individual is an Indian, within the meaning assigned to that expression by section 725.0.1, the amount the individual included in computing the individual’s income for the year and that is described in paragraph e of section 725.

2005, c. 38, s. 76; 2006, c. 36, s. 40.

2006-12-06

358.0.3. An individual, other than a trust, may deduct in computing the individual’s income for a taxation year the lesser of $500 and 6% of the aggregate of all amounts, other than those described in the second paragraph, each of which is

(a)  an amount included under any of sections 32 to 58.3 in computing the individual’s income for the year from an office or employment;

(b)  the amount by which the individual’s income for the year from any business the individual carries on either alone or as a partner actively engaged in the business exceeds the aggregate of the individual’s losses for the year from such businesses;

(b.1)  the amounts included in computing the individual’s income for the year from an office or employment, if each of those amounts is the value of a benefit received or enjoyed by the individual in the year because of a previous office or employment; and

(c)  an amount included in computing the individual’s income for the year under paragraph e.2 of section 311; or

(d)  an amount included in computing the individual’s income for the year under paragraph h of section 312.

The amounts to which the first paragraph refers are

(a)  the amounts included in computing the individual’s income for the year from an office or employment held by the individual as an elected member of a municipal council, a member of the council or executive committee of a metropolitan community, regional county municipality or other similar body established under an Act of the Legislature of Québec, a member of a municipal utilities commission or corporation or any other similar body administering such utilities or a member of a public or separate school board or any other similar body administering a school district;

(b)  the amounts included in computing the individual’s income for the year from an office held by the individual as a member of the National Assembly, the House of Commons of Canada, the Senate or the legislature of another province; and

(c)  if the individual is an Indian or a person of Indian ancestry, within the meaning assigned to those expressions by section 725.0.1, the amount the individual included in computing the individual’s income for the year and that is described in paragraph e of section 725.

2005, c. 38, s. 76; 2006, c. 36, s. 40.

2006-03-01

358.0.3. An individual, other than a trust, may deduct in computing the individual’s income for a taxation year the lesser of $500 and 6% of the aggregate of all amounts, other than those described in the second paragraph, each of which is

(a)  an amount included under any of sections 32 to 58.3 in computing the individual’s income for the year from an office or employment;

(b)  the amount by which the individual’s income for the year from any business the individual carries on either alone or as a partner actively engaged in the business exceeds the aggregate of the individual’s losses for the year from such businesses;

(c)  an amount included in computing the individual’s income for the year under paragraph e.2 of section 311; or

(d)  an amount included in computing the individual’s income for the year under paragraph h of section 312.

The amounts to which the first paragraph refers are

(a)  the amounts included in computing the individual’s income for the year from an office or employment held by the individual as an elected member of a municipal council, a member of the council or executive committee of a metropolitan community, regional county municipality or other similar body established under an Act of the Legislature of Québec, a member of a municipal utilities commission or corporation or any other similar body administering such utilities or a member of a public or separate school board or any other similar body administering a school district;

(b)  the amounts included in computing the individual’s income for the year from an office held by the individual as a member of the National Assembly, the House of Commons of Canada, the Senate or the legislature of another province; and

(c)  if the individual is an Indian or a person of Indian ancestry, within the meaning assigned to those expressions by section 725.0.1, the amount the individual included in computing the individual’s income for the year and that is described in paragraph e of section 725.

2005, c. 38, s. 76.