actively engaged on a regular and continuous basis

4 November 2011 Internal T.I. 2011-0413341I7 F - Bien agricole admissible -- summary under Subparagraph (a)(i)

The taxpayer acquired farmland and rented 50% of it to an unrelated farm producer and 50% to a corporation that operated a nursery there and whose shareholders were him, his children and some of his brothers. In commenting on the “actively engaged on a regular and continuous basis” test, CRA stated:

Term Tree

Excise Tax Act Go
General Concepts Go
Income Tax Act Go
Income Tax Application Rules Go
Income Tax Regulations Go
Other Legislation/Constitution Go
Statutory Interpretation Go
Treaties Go