GreatNorthCollective/greatnorth-canada-federal-laws-text huggingface dataset:
Income Tax Regulations — 8402
8402 (1) Where a provisional PSPA (computed under section 8303, 8304 or 8308) of an individual with respect to an employer that is associated with a past service event (other than a certifiable past service event) is greater than nil, the administrator of each registered pension plan to which the past service event relates shall, within 120 days after the day on which the past service event occurs, file with the Minister an information return in prescribed form reporting such portion of the aggregate of all amounts each of which is the individual’s PSPA with respect to an employer that is associated with the past service event as may reasonably be considered to be attributable to benefits provided under the plan, except that a return is not required to be filed by an administrator if the amount that would otherwise be reported by the administrator is nil. (2) Where a foreign plan PSPA (computed under subsection 8308.1(5) or (6)) of an individual with respect to an employer associated with a modification of benefits under a foreign plan (as defined by subsection 8308.1(1)) is greater than nil, the employer shall, on or before the last day of February in the year following the calendar year in which the individual’s benefits were modified, file with the Minister an information return in prescribed form reporting the foreign plan PSPA. (3) Where a specified retirement arrangement PSPA (computed under subsection 8308.3(4) or (5)) of an individual with respect to an employer associated with a modification of benefits under a specified retirement arrangement (as defined by subsection 8308.3(1)) is greater than nil, the employer shall, on or before the last day of February in the calendar year following the calendar year in which the individual’s benefits were modified, file with the Minister an information return in prescribed form reporting the specified retirement arrangement PSPA. (4) The administrator of a registered pension plan shall file with the Minister an information return in prescribed form within 120 days after a contribution is made to the plan in respect of an individual under subsection 147.1(20) of the Act. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/92-51, s. 7; SOR/96-311, s. 11; SOR/2005-123, s. 5 2023, c. 26, s. 108
Income Tax Regulations — 8402.1
8402.1 Where an amount is prescribed by subsection 8308.4(2) in respect of an individual for a calendar year because of the individual’s entitlement (either absolute or contingent) to benefits under a government-sponsored retirement arrangement (as defined in subsection 8308.4(1)), the administrator of the arrangement shall, on or before the last day of February in the year, file with the Minister an information return in prescribed form reporting the prescribed amount. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/96-311, s. 12
Income Tax Regulations — 8403
8403 Where, at any particular time after 1990, (a) an individual becomes a member of a registered pension plan, or (b) lifetime retirement benefits commence to accrue to the individual under a defined benefit provision of a registered pension plan following a period in which lifetime retirement benefits did not accrue to the individual, each employer who participates in the plan for the benefit of the individual and with whom the individual is connected (within the meaning assigned by subsection 8500(3)) at the particular time, or was connected at any time after 1989, shall, within 60 days after the particular time, file with the Minister an information return in prescribed form containing prescribed information with respect to the individual unless the employer has previously filed an information return under this section with respect to the individual. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/92-51, s. 7
Income Tax Regulations — 8404
8404 (1) Every person who is required by section 8401 or 8402.1 to file an information return with the Minister shall, on or before the day on or before which the return is required to be filed with the Minister, send to each individual to whom the return relates, two copies of the portion of the return that relates to the individual. (2) Every person who is required by section 8402, 8402.01 or 8403 to file an information return with the Minister shall, on or before the day on or before which the return is required to be filed with the Minister, send to each individual to whom the return relates, one copy of the portion of the return that relates to the individual. (3) Every person who obtains a certification from the Minister for the purposes of subsection 147.1(10) of the Act in respect of a past service event and an individual shall, within 60 days after receiving from the Minister the form submitted to the Minister pursuant to subsection 8307(1) in respect of the past service event and the individual, forward to the individual one copy of the form as returned by the Minister. (4) Every person who is required by subsection (1), (2) or (3) to forward a copy of an information return or a form to an individual shall send the copy to the individual at the individual’s latest known address or deliver the copy to the individual in person. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/92-51, s. 7; SOR/96-311, s. 13; SOR/99-9, s. 17
Income Tax Regulations — 8405
8405 Subsection 205(2) and section 206 are applicable, with such modifications as the circumstances require, in respect of returns required to be filed under this Part. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/92-51, s. 7
Income Tax Regulations — 8407
8407 Where (a) an individual who has withdrawn an amount from a registered retirement savings plan under which the individual was, at the time of the withdrawal, the annuitant (as defined in subsection 146(1) of the Act) provides to the issuer (as defined in subsection 146(1) of the Act) of the plan, in the calendar year in which the amount was withdrawn or one of the two immediately following calendar years, the prescribed form referred to in subparagraph 8307(3)(a)(ii) accompanied by a request that the issuer complete the form in respect of the withdrawal, and (b) the issuer has not, at the time of receipt of the request, forwarded to the individual 2 copies of the information return required by subsection 214(1) to be made by the issuer in respect of the withdrawal, and does not, within 30 days after receipt of the request, forward to the individual 2 copies of that return, the issuer shall, within 30 days after receipt of the request, complete those portions of the form that the form indicates are required to be completed by the issuer in respect of the withdrawal and return the form to the individual. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/92-51, s. 7; SOR/2007-116, s. 14
Income Tax Regulations — 8408
8408 (1) The Minister may, by notice served personally or by registered or certified mail, require that a person provide the Minister, within such reasonable time as is stipulated in the notice, with (a) information relating to the determination of amounts under Part LXXXIII; (b) where the person claims that paragraph 147.1(10)(a) of the Act is not applicable with respect to an individual and a past service event by reason of an exemption provided by regulation, information relevant to the claim; or (c) information for the purpose of determining whether the registration of a pension plan may be revoked. (2) Where a person fails to provide the Minister with information pursuant to a requirement under subsection (1), each registered pension plan and deferred profit sharing plan to which the information relates becomes a revocable plan as of the day on or before which the information was required to be provided. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/92-51, s. 7
Income Tax Regulations — 8409
8409 (1) The administrator of a registered pension plan that is administered under the supervision of a government regulator shall file an information return for a fiscal period of the plan in prescribed form and containing prescribed information (a) where an agreement concerning annual information returns has been entered into by the Minister and a regulator identified in subsection (2), with that regulator, on or before the day that an information return required by that regulator is to be filed for the fiscal period; and (b) in any other case, with the Minister on or before the day that is 180 days after the end of the fiscal period. (2) For the purposes of paragraph (1)(a), the following government regulators have entered into an agreement concerning annual information returns with the Minister: (a) the Office of the Superintendent of Financial Institutions; (b) the Financial Services Regulatory Authority of Ontario; (c) Retraite Québec ; (d) the Superintendent of Pensions, Province of Nova Scotia; (e) the Superintendent of Pensions, Province of New Brunswick; (f) the Office of the Superintendent - Pension Commission, Province of Manitoba; (g) the Superintendent of Pensions, Province of British Columbia; (h) the Superintendent of Pensions, Province of Saskatchewan; (i) the Superintendent of Pensions, Province of Alberta; and (j) the Superintendent of Pensions, Province of Newfoundland and Labrador. (3) The administrator of a registered pension plan shall, within 60 days after the final distribution of property held in connection with the plan, notify the Minister in writing of the date of the distribution and the method of settlement. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/92-51, s. 7; SOR/95-64, s. 7; SOR/96-127, s. 1 SOR/2024-231, s. 24
Income Tax Regulations — 8410
8410 The administrator of a registered pension plan that contains a defined benefit provision shall, on demand from the Minister served personally or by registered or certified mail and within such reasonable time as is stipulated in the demand, file with the Minister a report prepared by an actuary on the basis of reasonable assumptions and in accordance with generally accepted actuarial principles and containing such information as is required by the Minister in respect of the defined benefit provisions of the plan. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/92-51, s. 7
Income Tax Regulations — 8500
all or a significant number of members whose benefits under the former provision are replaced by benefits under the current provision, each current service contribution made at a particular time under the former provision by a member whose benefits are so replaced is deemed to be a current service contribution made at that particular time under the current provision by the member. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/92-51, s. 7; SOR/94-686, ss. 76(F), 78(F), 79(F); SOR/95-64, s. 8; SOR/99-9, s. 19; SOR/2001-67, s. 5; SOR/2001-188, s. 8; SOR/2003-328, s. 7; SOR/2005-264, s. 24; 2007, c. 35, s. 82; SOR/2007-116, s. 15; 2011, c. 24, s. 93; 2013, c. 34, s. 407 SOR/2021-127, s. 3 SOR/2024-231, s. 25
Income Tax Regulations — Income Tax Regulations
active member of a pension plan in a calendar year means a member of the plan to whom benefits accrue under a defined benefit provision of the plan in respect of all or any portion of the year or who makes contributions, or on whose behalf contributions are made, in relation to the year under a money purchase provision of the plan; ( participant actif )
Income Tax Regulations — Income Tax Regulations
average Consumer Price Index for a calendar year means the amount that is obtained by dividing by 12 the aggregate of all amounts each of which is the Consumer Price Index for a month in the 12-month period ending on September 30 of the immediately preceding calendar year; ( moyenne de l’indice des prix à la consommation )
Income Tax Regulations — Income Tax Regulations
beneficiary of an individual means a person who has a right, by virtue of the participation of the individual in a pension plan, to receive benefits under the plan after the death of the individual; ( bénéficiaire )
Income Tax Regulations — Income Tax Regulations
benefit provision of a pension plan means a money purchase or defined benefit provision of the plan; ( version anglaise seulement )
Income Tax Regulations — Income Tax Regulations
bridging benefits provided to a member under a benefit provision of a pension plan means retirement benefits payable to the member under the provision for a period ending no later than on a date determinable at the time the benefits commence to be paid; ( prestation de raccordement )
Income Tax Regulations — Income Tax Regulations
Consumer Price Index for a month means the Consumer Price Index for Canada for the month as published by Statistics Canada under the authority of the Statistics Act ; ( indice des prix à la consommation )
Income Tax Regulations — (a)
defined benefit limit for a calendar year means the greater of (a) $1,722.22, and (b) 1/9 of the money purchase limit for the year; ( plafond des prestations déterminées )
Income Tax Regulations — (a)
dependant of an individual at the time of the individual’s death means a parent, grandparent, brother, sister, child or grandchild of the individual who, at that time, is both dependent on the individual for support and (a) under 19 years of age and will not attain 19 years of age in the calendar year that includes that time, (b) in full-time attendance at an educational institution, or (c) dependent on the individual by reason of mental or physical infirmity; ( personne à charge )
Income Tax Regulations — Income Tax Regulations
designated plan has the meaning assigned by section 8515; ( régime désigné )
Income Tax Regulations — Income Tax Regulations
disabled means, in relation to an individual, suffering from a physical or mental impairment that prevents the individual from performing the duties of the employment in which the individual was engaged before the commencement of the impairment; ( invalide )
Income Tax Regulations — (a)
eligible period of reduced pay of an employee with respect to an employer means a period (other than a period in which the employee is, at any time after 1990, connected with the employer or a period any part of which is a period of disability of the employee) (a) that begins after the employee has been employed by the employer or predecessor employers to the employer for not less than three months, (b) throughout which the employee renders services to the employer, and (c) throughout which the remuneration received by the employee from the employer is less than the remuneration that it is reasonable to expect the employee would have received from the employer had the employee rendered services throughout the period on a regular basis (having regard to the services rendered by the employee to the employer before the period) and had the employee’s rate of remuneration been commensurate with the employee’s rate of remuneration before the period; ( période admissible de salaire réduit )
Income Tax Regulations — (a)
eligible period of temporary absence of an individual with respect to an employer means a period throughout which the individual does not render services to the employer by reason of leave of absence, layoff, strike, lock-out or any other circumstance acceptable to the Minister, other than a period (a) a part of which is a period of disability of the individual, or (b) in which the individual is, at any time after 1990, connected with the employer; ( période admissible d’absence temporaire )
Income Tax Regulations — (a)
eligible survivor benefit period , in relation to a person who is a dependant of an individual at the time of the individual’s death, means the period beginning on the day of death of the individual and ending on the latest of (a) where the dependant is under 19 years of age throughout the calendar year that includes the day of death of the individual, the earlier of (i) December 31 of the calendar year in which the dependant attains 18 years of age, and (ii) the day of death of the dependant, (b) where the dependant is in full-time attendance at an educational institution on the later of the day of death of the individual and December 31 of the calendar year in which the dependant attains 18 years of age, the day on which the dependant ceases to be in full-time attendance at an educational institution, and (c) where the dependant is dependent on the individual at the time of the individual’s death by reason of mental or physical infirmity, the day on which the dependant ceases to be infirm or, if there is no such day, the day of death of the dependant; ( période admissible de prestations au survivant )
Income Tax Regulations — Income Tax Regulations
existing plan means a pension plan that was a registered pension plan on March 27, 1988 or in respect of which an application for registration was made to the Minister before March 28, 1988, and includes a pension plan that was established before March 28, 1988 pursuant to an Act of Parliament that deems member contributions to be contributions to a registered pension plan; ( régime existant )
Income Tax Regulations — (a)
forfeited amount under a money purchase provision of a pension plan means an amount to which a member of the plan has ceased to have any rights, other than the portion thereof, if any, that is payable (a) to a beneficiary of the member as a consequence of the member’s death, or (b) to a spouse or common-law partner or former spouse or common-law partner of the member as a consequence of the breakdown of their marriage or common-law partnership; ( montant perdu )
Income Tax Regulations — (a)
grandfathered plan means (a) an existing plan that, on March 27, 1988, contained a defined benefit provision, or (b) a pension plan that was established to provide benefits under a defined benefit provision to one or more individuals in lieu of benefits to which the individuals were entitled under a defined benefit provision of another pension plan that is a grandfathered plan, whether or not benefits are also provided to other individuals; ( régime exclu )
Income Tax Regulations — (a)
IPP minimum amount , for a year, for a person who is a member of an individual pension plan (or a beneficiary, in respect of the plan, who was, at the time of the member’s death, a spouse or common-law partner of the member) means (a) if there is only one such person in respect of the plan, the minimum amount that would be determined under subsection 146.3(1) of the Act for the year in respect of the plan if the plan were a registered retirement income fund that held the same property as the property held by the plan and the person were the annuitant of the fund, and (b) in any other case, the minimum amount that would be determined under subsection 146.3(1) of the Act if the person were the annuitant of a registered retirement income fund and the fair market value of the property held in connection with the fund at the beginning of the year were determined by the formula A × B/C where A is the fair market value of all property held in connection with the plan at the beginning of the year, B is the amount of the actuarial liabilities in respect of the benefits payable to the person under the terms of the plan at the beginning of the year, and C is the amount of the actuarial liabilities in respect of all benefits payable under the terms of the plan at the beginning of the year; ( minimum RRI )
Income Tax Regulations — (a)
lifetime retirement benefits provided to a member under a benefit provision of a pension plan means (a) retirement benefits provided to the member under the provision that, after they commence to be paid, are payable to the member until the member’s death, unless the benefits are commuted or payment of the benefits is suspended, and (b) for greater certainty, retirement benefits provided to the member under the provision in accordance with paragraph 8506(1)(e.1); ( prestation viagère )
Income Tax Regulations — (a)
multi-employer plan in a calendar year means (a) a pension plan in respect of which it is reasonable to expect, at the beginning of the year (or at the time in the year when the plan is established, if later), that at no time in the year will more than 95 per cent of the active members of the plan be employed by a single participating employer or by a related group of participating employers, other than a plan where it is reasonable to consider that one of the main reasons there is more than one employer participating in the plan is to obtain the benefit of any of the provisions of the Act or these Regulations that are applicable only in respect of multi-employer plans, or (b) a pension plan that is, in the year, a specified multi-employer plan, and, for the purposes of this definition, 2 corporations that are related to each other solely by reason that they are both controlled by Her Majesty in right of Canada or a province shall be deemed not to be related persons; ( régime interentreprises )
Income Tax Regulations — Income Tax Regulations
pensionable service of a member of a pension plan under a defined benefit provision of the plan means the periods in respect of which lifetime retirement benefits are provided to the member under the provision; ( services validables )
Income Tax Regulations — Income Tax Regulations
period of disability of an individual means a period throughout which the individual is disabled; ( période d’invalidité )
Income Tax Regulations — Income Tax Regulations
predecessor employer means, in relation to a particular employer, an employer (in this definition referred to as the “vendor”) who has sold, assigned or otherwise disposed of all or part of the vendor’s business or undertaking or all or part of the assets of the vendor’s business or undertaking to the particular employer or to another employer who, at any time after the sale, assignment or other disposition, becomes a predecessor employer in relation to the particular employer, if all or a significant number of employees of the vendor have, in conjunction with the sale, assignment or disposition, become employees of the employer acquiring the business, undertaking or assets; ( employeur remplacé )
Income Tax Regulations — Income Tax Regulations
public pension benefits means amounts that are payable on a periodic basis under the Canada Pension Plan , a provincial pension plan as defined in section 3 of the Canada Pension Plan , or Part I of the Old Age Security Act , but does not include disability, death or survivor benefits provided under those Acts; ( prestation de pension de l’État )
Income Tax Regulations — (a)
public safety occupation means the occupation of (a) firefighter, (b) police officer, (c) corrections officer, (d) air traffic controller, (e) commercial airline pilot, or (f) paramedic; ( profession liée à la sécurité publique )
Income Tax Regulations — Income Tax Regulations
retirement benefits provided to an individual under a benefit provision of a pension plan means benefits provided to the individual under the provision that are payable on a periodic basis; ( prestation de retraite )