Tax wiki
s. 5
PART I — Income Tax · DIVISION B — Computation of Income · SUBDIVISION A — Income or Loss from an Office or Employment · Basic Rules
Income from office or employment
Not yet annotated · Text current to 2026-06-21 · section last amended 2004-08-31
Current text
Subject to this Part, a taxpayer’s income for a taxation year from an office or employment is the salary, wages and other remuneration, including gratuities, received by the taxpayer in the year.
Loss from office or employment
(2)A taxpayer’s loss for a taxation year from an office or employment is the amount of the taxpayer’s loss, if any, for the taxation year from that source computed by applying, with such modifications as the circumstances require, the provisions of this Act respecting the computation of income from that source.
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 5 links to the one before it.
Enacting and amending legislation
- 1970-71-72, c. 63, s. 1“5”
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. 5.