58 Meaning of “adjusted net income”
Income Tax Act 2007 (2007 c 3) | Legislation

58  Meaning of “adjusted net income”

(1)     For the purposes of Chapters 2 and 3, an individual's adjusted net income for a tax year is calculated as follows.

Step 1

Take the amount of the individual's net income for the tax year.

Step 2

If in the tax year the individual makes, or is treated under section 426 as making, a gift

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