incidental

Would a residential housing co-operative (Co-op) continue to qualify under s.149(1)(l) if it earned profits from renting its common areas to third-parties (e.g., film companies) – and would the answer change if it did so through a wholly-owned taxable subsidiary?

Respecting the question as to whether income earned by an individual taxpayer from the sale of electricity generated from a solar photovoltaic system to the Ontario Power Authority would be included in the computation of the income of the taxpayer from his business of operating a roofing business, CRA stated:

A condominium corporation (the "Corporation") enters into a leasing agreement with a solar company, which would lease several roofs within the complex for the use of solar panels, with the output sold to the public electrical grid.