Explanatory Notes to Legislative Proposals Relating to Income Tax

Published by
The Honourable James M. Flaherty, P.C., M.P.
Minister of Finance

September 2009


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Table of Contents

Clause in Legislation Section of the Act Amended Topic

Preface

Amendments Related to the Income Tax Act
2 80.3 Income Deferrals - Livestock
3 108 Home Renovation Tax Credit
4 118.04 and 118.05 Home Renovation Tax Credit
5 118.3 Dependant Having Impairment
6 118.61 Unused Tuition, Textbook and Education Tax Credits
7 118.8 Transfer of Unused Credit to Spouse or Common-Law Partner
8 118.81 Tuition, Textbook and Education Tax Credits Transferred
9 118.91 Part-Year Residents
10 118.92 Ordering of Credits
11 118.94 Tax Payable by Non-Residents (Credits Restricted)
12 118.95 Credits in Year of Bankruptcy
13 122.7 Working Income Tax Benefit
14 127.531 Basic Minimum Tax Credit Determined
15 128 Where Individual Bankrupt
16 7305 Income Tax Regulations
17 7305.02 Income Tax Regulations