Income Tax Act — I-3.3 146.4
46(3)(b)(iii) to (v) or that arise because of a uniform reduction in the entitlement to the periodic payments as a consequence of a partial surrender of rights to the periodic payments, and (vii) the contract requires that, in the event the plan must be terminated in accordance with paragraph (4)(p), any amounts that would otherwise be payable after the termination be commuted into a single payment; and (d) a prescribed investment. ( placement admissible ) qualifying family member , in relation to a beneficiary of a disability savings plan, at any time, means an individual who, at that time, is (a) a legal parent of the beneficiary; (b) a spouse or common-law partner of the beneficiary who is not living separate and apart from the beneficiary by reason of a breakdown of their marriage or common-law partnership; or (c) a brother or sister (determined without reference to subsection 252(2)) of the beneficiary. ( membre de la famille admissible ) qualifying person , in relation to a beneficiary of a disability savings plan, at any time, means (a) if the beneficiary has not, at or before that time, attained the age of majority, an entity that is, at that time, (i) a legal parent of the beneficiary, (ii) a guardian, tutor, curator or other individual who is legally authorized to act on behalf of the beneficiary, or (iii) a public department, agency or institution that is legally authorized to act on behalf of the beneficiary; (b) if the beneficiary has, at or before that time, attained the age of majority and is not, at that time, contractually competent to enter into a disability savings plan, an entity that is, at that time, an entity described in subparagraph (a)(ii) or (iii); and (c) an individual who is a qualifying family member in relation to the beneficiary if (i) at or before that time, the beneficiary has attained the age of majority and, other than for the purposes of paragraph (4)(b.1), is not a beneficiary under a disability savings plan, (ii) at that time, no entity described in subparagraph (a)(ii) or (iii) is legally authorized to act on behalf of the beneficiary, and (iii) in the issuer’s opinion after reasonable inquiry, the beneficiary’s contractual competence to enter into a disability savings plan at that time is in doubt. ( responsable ) registered disability savings plan or RDSP means a disability savings plan that satisfies the conditions in subsection (2), but does not include a plan to which subsection (3) or (10) applies. ( régime enregistré d’épargne-invalidité ou REEI ) specified maximum amount , for a calendar year in respect of a disability savings plan, means the amount that is the greater of (a) the amount determined by the formula set out in paragraph (4)(l) in respect of the plan for the calendar year, and (b) the amount determined by the formula A + B where A is 10% of the fair market value of the property held by the plan trust at the beginning of the calendar year (other than annuity contracts held by the plan trust that, at the beginning of the calendar year, are not described in paragraph (b) of the definition qualified investment ), and B is the total of all amounts each of which is (i) a periodic payment under an annuity contract held by the plan trust at the beginning of the calendar year (other than an annuity contract described at the beginning of the calendar year in paragraph (b) of the definition qualified investment ) that is paid to the plan trust in the calendar year, or (ii) if the periodic payment under such an annuity contract is not made to the plan trust because the plan trust disposed of the right to that payment in the calendar year, a reasonable estimate of that payment on the assumption that the annuity contract had been held throughout the calendar year and no rights under the contract were disposed of in the calendar year. ( plafond ) specified Minister means the minister designated under section 4 of the Canada Disability Savings Act . ( ministre responsable ) specified