Income Tax Regulations — 8301
tent that the contribution was not made in connection with the individual’s employment with the employer and is included in determining the individual’s pension credit for the year with respect to any other employer who participates in the plan, (b) the aggregate of all amounts each of which is a contribution made in the year by the employer in respect of the provision, to the extent that the contribution may reasonably be considered to be determined by reference to the number of hours worked by the individual or some other measure that is specific to the individual, and (c) the amount determined by the formula (A / B) × (C - B) where A is the amount determined under paragraph (b) for the purpose of computing the individual’s pension credit, B is the aggregate of all amounts each of which is the amount determined under paragraph (b) for the purpose of computing the pension credit of an individual for the year with respect to the employer under the provision, and C is the aggregate of all amounts each of which is a contribution made in the year by the employer in respect of the provision, except that, where the year is before 1990, the individual’s pension credit is nil. Pension Credit — Defined Benefit Provision (6) Subject to subsections (7), (8) and (10) and sections 8304 and 8308, for the purposes of this Part and Part LXXXV and subsection 147.1(9) of the Act, an individual’s pension credit for a calendar year with respect to an employer under a defined benefit provision of a particular registered pension plan (other than a plan that is, in the year, a specified multi-employer plan) is (a) if the year is after 1989, the amount determined by the formula A - B where A is 9 times the individual’s benefit entitlement under the provision with respect to the employer and the year, and B is the amount, if any, by which the PA offset for the year exceeds the total of all amounts each of which is the value of B determined under this paragraph for the purpose of computing the individual’s pension credit for the year (i) with respect to the employer under any other defined benefit provision of a registered pension plan, (ii) with respect to any other employer who at any time in the year does not deal at arm’s length with the employer, under a defined benefit provision of a registered pension plan, or (iii) with respect to any other employer under a defined benefit provision of the particular plan; and (b) if the year is before 1990, nil. Pension Credit — Defined Benefit Provision of a Multi-employer Plan (7) Where a registered pension plan is a multi-employer plan (other than a specified multi-employer plan) in a calendar year, the following rules apply, except to the extent that the Minister has waived in writing their application in respect of the plan, for the purpose of determining the pension credit of an individual for the year under a defined benefit provision of the plan: (a) where the individual is employed in the year by more than one participating employer, the pension credit of the individual for the year under the provision with respect to a particular employer shall be determined as if the individual were not employed by any other participating employer; (b) the description of B in paragraph (6)(a) shall be read as “B is the amount determined by the formula (C × D) - E where C is the PA offset for the year, D is (i) where the member rendered services on a full-time basis throughout the year to the employer, one, and (ii) in any other case, the fraction (not greater than one) that measures the services that, for the purpose of determining the member’s lifetime retirement benefits under the provision, the member is treated as having rendered in the year to the employer, expressed as a proportion of the services that would have been rendered by the member in the year to the employer if the member had rendered services to the employer on a full-time basis throughout the year, and E is the total of all amounts each of which i