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Archived - Legislative Proposals and Explanatory Notes to Implement Remaining Budget 2006 Income Tax Measures
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Published by
The Honourable James M. Flaherty, P.C., M.P.
Minister of Finance
August 2006
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Related document:
- Canada's New Government Continues to Deliver on Its Tax Relief Plan (News Release 2006-042)
Table of Contents
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| Clause in Legislation | Section of the Act Amended | Topic | ||
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| Legislative Proposals | ||||
| 2 | 8 | Apprentice mechanic's tool costs | ||
| 3 | 14 | Eligible capital property | ||
| 4 | 40(1.1) | Reserve - property disposed of to a child | ||
| 5 | 44(1.1) | Reserve - former property disposed of to a child | ||
| 6 | 56 | Other sources of income | ||
| 7 | 60 | Deductions in computing income | ||
| 8 | 63 | Child care expense | ||
| 9 | 70 | Transfer of farm and fishing property to child | ||
| 10 | 73 | Inter vivos transfer of farm property to child | ||
| 11 | 85(5.1) | Acquisition of certain tools - capital cost and deemed depreciation | ||
| 12 | 97(5) | Acquisition of certain tools - capital cost and deemed depreciation | ||
| 13 | 104(21.2)(b) | Beneficiary's taxable capital gain | ||
| 14 | 108(1) | Definitions | ||
| 15 | 110.6 | Definitions | ||
| 16 | 117(2) | Tax rates applicable to individuals | ||
| 17 | 117.1(1) | Annual adjustment of deductions and other amounts | ||
| 18 | 118(3) | Pension credit | ||
| 19 | 118.02 | Transit pass tax credit | ||
| 20 | 118.6 | Textbook tax credit | ||
| 21 | 118.61 | Unused tuition and education tax credits | ||
| 22 | 118.8 | Transfer of unused credits to spouse or common-law partner | ||
| 23 | 118.81 | Tuition and education tax credits transferred | ||
| 24 | 118.9 | Transfer to parent or grandparent | ||
| 25 | 118.91 | Part-year residents | ||
| 26 | 118.92 | Ordering of credits | ||
| 118.93 | Credits in separate returns | |||
| 118.94 | Tax payable by non-resident | |||
| 27 | 118.95 | Credits in year of bankruptcy | ||
| 28 | 122.51 | Refundable medical expense supplement | ||
| 29 | 123.4(1) | Full rate taxable income | ||
| 30 | 125 | Small business deduction | ||
| 31 | 127 | Deductions from tax payable | ||
| 32 | 127.531 | Basic minimum tax credit determined | ||
| 33 | 128(2)(e) | Where individual bankrupt | ||
| 34 | 137(3) | Credit unions | ||
| 35 | 137.1(9) | Deposit insurance corporations | ||
| 36 to 38 | Part VI | Minimum tax on financial institutions | ||
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| Explanatory Notes | ||||
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