Tax wiki
s. 155
PART I — Income Tax · DIVISION I — Returns, Assessments, Payment and Appeals · Payment of Tax
Farmers and fishermen
Not yet annotated · Text current to 2026-06-21 · section last amended 2004-08-31
Current text
Subject to section 156.1, every individual whose chief source of income for a taxation year is farming or fishing shall, on or before December 31 in the year, pay to the Receiver General in respect of the year, 2/3 of
the amount estimated by the individual to be the tax payable under this Part by the individual for the year, or
the individual’s instalment base for the preceding taxation year.
Definition of
(2)In this section, instalment base of an individual for a taxation year means the amount determined in prescribed manner to be the individual’s instalment base for the year.
Source: Justice Laws Website. Not an official version.
Historic text
This section has not been amended since the start of the point-in-time record on 31 August 2004.
Earlier versions: Justice Laws point-in-time versions of the Act (from 31 August 2004), and CanLII (under “Versions”). On Justice Laws, each version of section 155 links to the one before it.
Enacting and amending legislation
- R.S., 1985, c. 1 (5th Supp.), s. 155; 1994, c. 7, Sch. II, s. 127, c. 8, s. 22
Text before 2004 is found in the annual Statutes of Canada cited above. Application and coming-into-force provisions are not part of the consolidation; see the amending Acts.
Cross-references
Citation
Income Tax Act, R.S.C. 1985, c. 1 (5th Supp.), s. 155.