Income Tax Regulations — 8303
8303 (1) For the purpose of subsection 248(1) of the Act, past service pension adjustment of an individual for a calendar year in respect of an employer means the total of (a) the accumulated past service pension adjustment (in this Part referred to as “accumulated PSPA”) of the individual for the year with respect to the employer, determined as of the end of the year, (b) the total of all amounts each of which is the foreign plan PSPA (determined under subsection 8308.1(5) or (6)) of the individual with respect to the employer associated with a modification of benefits in the year under a foreign plan (as defined in subsection 8308.1(1)), and (c) the total of all amounts each of which is the specified retirement arrangement PSPA (determined under subsection 8308.3(4) or (5)) of the individual with respect to the employer associated with a modification of benefits in the year under a specified retirement arrangement (as defined in subsection 8308.3(1)). Accumulated PSPA for Year (2) For the purposes of this Part, the accumulated PSPA of an individual for a calendar year with respect to an employer, determined as of any time, is the total of all amounts each of which is the individual’s provisional past service pension adjustment (in this Part referred to as “provisional PSPA”) with respect to the employer that is associated with (a) a past service event (other than a certifiable past service event with respect to the individual) that occurred in the preceding year; or (b) a certifiable past service event with respect to the individual where the Minister has, in the year and before that time, issued a certification for the purposes of subsection 147.1(10) of the Act in respect of the event and the individual. 1991 Past Service Events and Certifications (2.1) For the purposes of subsection (2), (a) a past service event that occurred in 1991 (including, for greater certainty, a past service event that is deemed by paragraph 8304(3)(b) to have occurred immediately after the end of 1990) shall be deemed to have occurred on January 1, 1992 and not to have occurred in 1991; and (b) a certification issued by the Minister in 1991 shall be deemed to have been issued on January 1, 1992 and not to have been issued in 1991. Provisional PSPA (3) Subject to subsections (8) and (10) and sections 8304 and 8308, for the purposes of this Part, the provisional PSPA of an individual with respect to an employer that is associated with a past service event that occurs at a particular time in a particular calendar year is the amount determined by the formula A - B - C + D where A is the aggregate of all amounts each of which is, in respect of a calendar year after 1989 and before the particular year, the amount that would have been the individual’s pension credit for the year with respect to the employer under a defined benefit provision of a registered pension plan (other than a plan that is, at the particular time, a specified multi-employer plan) had the individual’s benefit entitlement under the provision in respect of the year and the employer been equal to the individual’s redetermined benefit entitlement (determined as of the particular time) under the provision in respect of the year and the employer, B is the aggregate that would be determined for A if the reference in the description of A to “determined as of the particular time” were read as a reference to “determined as of the time immediately before the particular time”, C is such portion of the amount of the individual’s qualifying transfers made in connection with the past service event as is not deducted in computing the provisional PSPA of the individual with respect to any other employer, and D is the total of all amounts each of which is an excess money purchase transfer in relation to the individual and the past service event that is not included in determining any other provisional PSPA of the individual that is associated with the past service event. Redetermined Benefit Entitle