GreatNorthCollective/greatnorth-canada-federal-laws-text huggingface dataset:
Income Tax Act — I-3.3 (a)
annuitant under a retirement income fund at any time means (a) the first individual to whom the carrier has undertaken to make payments described in the definition retirement income fund out of or under the fund, where the first individual is alive at that time, (b) after the death of the first individual, a spouse or common-law partner (in this definition referred to as the “survivor”) of the first individual to whom the carrier has undertaken to make payments described in the definition retirement income fund out of or under the fund after the death of the first individual, if the survivor is alive at that time and the undertaking was made (i) pursuant to an election that is described in that definition and that was made by the first individual, or (ii) with the consent of the legal representative of the first individual, and (c) after the death of the survivor, another spouse or common-law partner of the survivor to whom the carrier has undertaken, with the consent of the legal representative of the survivor, to make payments described in the definition retirement income fund out of or under the fund after the death of the survivor, where that other spouse or common-law partner is alive at that time; ( rentier )
Income Tax Act — I-3.3 (a)
carrier of a retirement income fund means (a) a person licensed or otherwise authorized under the laws of Canada or a province to carry on in Canada an annuities business, (b) a corporation licensed or otherwise authorized under the laws of Canada or a province to carry on in Canada the business of offering to the public its services as trustee, (c) a corporation approved by the Governor in Council for the purposes of section 146 that is licensed or otherwise authorized under the laws of Canada or a province to issue investment contracts, or (d) a person referred to as a depositary in section 146, that has agreed to make payments under a retirement incomefund to the individual who is the annuitant under the fund; ( émetteur )
Income Tax Act — I-3.3 (a)
designated benefit of an individual in respect of a registered retirement income fund means the total of (a) such amounts paid out of or under the fund after the death of the last annuitant thereunder to the legal representative of that annuitant (i) as would, had they been paid under the fund to the individual, have been refunds of premiums (in this paragraph having the meaning assigned by subsection 146(1)) if the fund were a registered retirement savings plan that had not matured before the death, and (ii) as are designated jointly by the legal representative and the individual in prescribed form filed with the Minister, and (b) amounts paid out of or under the fund after the death of the last annuitant thereunder to the individual that would be refunds of premiums had the fund been a registered retirement savings plan that had not matured before the death; ( prestation désignée )
Income Tax Act — I-3.3 (a)
minimum amount under a retirement income fund for a year means, for the year in which the fund was entered into, a nil amount, and, for any other year, the amount determined by the formula (A × B) + C where A is the total fair market value of all properties held in connection with the fund at the beginning of the year (other than annuity contracts held by a trust governed by the fund that, at the beginning of the year, are not described in paragraph (b.1) of the definition qualified investment ); B is (a) where the first annuitant under the fund elected in respect of the fund under paragraph (b) of the definition minimum amount in this subsection, as it read before 1992, or under subparagraph 146.3(1)(f)(i) of the Income Tax Act , chapter 148 of the Revised Statutes of Canada, 1952, to use the age of another individual, the prescribed factor for the year in respect of the other individual, (b) where paragraph (a) does not apply and the first annuitant under the fund so elects before any payment has been made under the fund by the carrier, the prescribed factor for the year in respect of an individual who was the spouse or common-law partner of the first annuitant at the time of the election, and (c) in any other case, the prescribed factor for the year in respect of the first annuitant under the fund, and C is, where the fund governs a trust, the total of all amounts each of which is (a) a periodic payment under an annuity contract held by the trust at the beginning of the year (other than an annuity contract described at the beginning of the year in paragraph (b.1) of the definition qualified investment ) that is paid to the trust in the year, or (b) if the periodic payment under such an annuity contract is not made to the trust because the trust disposed of the right to that payment in the year, a reasonable estimate of that payment on the assumption that the annuity contract had been held throughout the year and no rights under the contract were disposed of in the year; ( minimum )
Income Tax Act — I-3.3
property held in connection with a retirement income fund means property held by the carrier of the fund, whether held by the carrier as trustee or beneficial owner thereof, the value of which, or the income or loss from which, is relevant in determining the amount for a year payable to the annuitant under the fund; ( biens détenus )
Income Tax Act — I-3.3
registered retirement income fund means a retirement income fund accepted by the Minister for registration for the purposes of this Act and registered under the Social Insurance Number of the first annuitant under the fund; ( fonds enregistré de revenu de retraite )
Income Tax Act — I-3.3
retirement income fund means an arrangement between a carrier and an annuitant under which, in consideration for the transfer to the carrier of property, the carrier undertakes to pay amounts to the annuitant (and, where the annuitant so elects, to the annuitant’s spouse or common-law partner after the annuitant’s death), the total of which is, in each year in which the minimum amount under the arrangement for the year is greater than nil, not less than the minimum amount under the arrangement for that year, but the amount of any such payment does not exceed the value of the property held in connection with the arrangement immediately before the time of the payment. ( fonds de revenu de retraite )
Income Tax Act — I-3.3
assistance holdback amount , in relation to a disability savings plan, has the meaning assigned under the Canada Disability Savings Act . ( montant de retenue )
Income Tax Act — I-3.3 (a)
contribution to a disability savings plan does not include (other than for the purpose of paragraph (b) of the definition disability savings plan ) (a) an amount paid into the plan under or because of the Canada Disability Savings Act or a designated provincial program; (b) an amount paid into the plan under or because of any other program that has a similar purpose to a designated provincial program and that is funded, directly or indirectly, by a province (other than an amount paid into the plan by an entity described in subparagraph (a)(iii) of the definition qualifying person in its capacity as holder of the plan); (c) an amount transferred to the plan in accordance with subsection (8); or (d) other than for the purposes of paragraphs (4)(f) to (h) and (n), (i) a specified RDSP payment as defined in subsection 60.02(1), or (ii) an accumulated income payment made to the plan under subsection 146.1(1.2). ( cotisation )
Income Tax Act — I-3.3
designated provincial program means a program that is established under the laws of a province and that supports savings in registered disability savings plans. ( programme provincial désigné )
Income Tax Act — I-3.3
disability assistance payment , in relation to a disability savings plan of a beneficiary, means any payment made from the plan to the beneficiary or to the beneficiary’s estate. ( paiement d’aide à l’invalidité )
Income Tax Act — I-3.3 (a)
disability savings plan of a beneficiary means an arrangement (a) between (i) a corporation (in this definition referred to as the “issuer”) (A) that is licensed or otherwise authorized under the laws of Canada or a province to carry on in Canada the business of offering to the public its services as trustee, and (B) with which the specified Minister has entered into an agreement that applies to the arrangement for the purposes of the Canada Disability Savings Act , and (ii) one or more of the following: (A) the beneficiary, (B) an entity that, at the time the arrangement is entered into, is a qualifying person described in paragraph (a) or (b) of the definition qualifying person in relation to the beneficiary, (B.1) if the arrangement is entered into before 2027, a qualifying family member in relation to the beneficiary who, at the time the arrangement is entered into, is a qualifying person in relation to the beneficiary, (B.2) a qualifying family member in relation to the beneficiary who, at the time the arrangement is entered into, is not a qualifying person in relation to the beneficiary but is a holder of another arrangement that is a registered disability savings plan of the beneficiary, and (C) a legal parent of the beneficiary who, at the time the arrangement is entered into, is not a qualifying person in relation to the beneficiary but is a holder of another arrangement that is a registered disability savings plan of the beneficiary; (b) under which one or more contributions are to be made in trust to the issuer to be invested, used or otherwise applied by the issuer for the purpose of making payments from the arrangement to the beneficiary; and (c) that is entered into in a taxation year in respect of which (i) the beneficiary is a DTC-eligible individual, or (ii) the beneficiary is not a DTC-eligible individual and an amount is to be transferred from a registered disability savings plan of the beneficiary to the arrangement in accordance with subsection (8). ( régime d’épargne-invalidité )
Income Tax Act — I-3.3
DTC-eligible individual , in respect of a taxation year, means an individual in respect of whom an amount is deductible, or would if this Act were read without reference to paragraph 118.3(1)(c) be deductible, under section 118.3 in computing a taxpayer’s tax payable under this Part for the taxation year. ( particulier admissible au CIPH )
Income Tax Act — I-3.3 (a)
holder of a disability savings plan at any time means each of the following: (a) an entity that has, at that time, rights as an entity with whom the issuer entered into the plan; (b) an entity that has, at that time, rights as a successor or assignee of an entity described in paragraph (a) or in this paragraph; and (c) the beneficiary if, at that time, the beneficiary is not an entity described in paragraph (a) or (b) and has rights under the plan to make decisions (either alone or with other holders of the plan) concerning the plan, except where the only such right is a right to direct that disability assistance payments be made as provided for in subparagraph (4)(n)(ii). ( titulaire )
Income Tax Act — I-3.3
issuer , of an arrangement, means the person described as the “issuer” in the definition disability savings plan . ( émetteur )
Income Tax Act — I-3.3
lifetime disability assistance payments under a disability savings plan of a beneficiary means disability assistance payments that are identified under the terms of the plan as lifetime disability assistance payments and that, after they begin to be paid, are payable at least annually until the earlier of the day on which the beneficiary dies and the day on which the plan is terminated. ( paiements viagers pour invalidité )
Income Tax Act — I-3.3
plan trust , in relation to a disability savings plan, means the trust governed by the plan. ( fiducie de régime )
Income Tax Act — I-3.3 (a)
qualified investment , for a trust governed by a RDSP, means (a) an investment that would be described by any of paragraphs (a) to (d), (f) and (g) of the definition qualified investment in section 204 if the reference in that definition to “a trust governed by a deferred profit sharing plan or revoked plan” were read as a reference to “a trust governed by a RDSP” and if that definition were read without reference to the words “with the exception of excluded property in relation to the trust”; (b) a contract for an annuity issued by a licensed annuities provider where (i) the trust is the only person who, disregarding any subsequent transfer of the contract by the trust, is or may become entitled to any annuity payments under the contract, and (ii) the holder of the contract has a right to surrender the contract at any time for an amount that would, if reasonable sales and administration charges were ignored, approximate the value of funds that could otherwise be applied to fund future periodic payments under the contract; (c) a contract for an annuity issued by a licensed annuities provider where (i) annual or more frequent periodic payments are or may be made under the contract to the holder of the contract, (ii) the trust is the only person who, disregarding any subsequent transfer of the contract by the trust, is or may become entitled to any annuity payments under the contract, (iii) neither the time nor the amount of any payment under the contract may vary because of the length of any life, other than the life of the beneficiary under the plan, (iv) the day on which the periodic payments began or are to begin is not later than the end of the later of (A) the year in which the beneficiary under the plan attains the age of 60 years, and (B) the year following the year in which the contract was acquired by the trust, (v) the periodic payments are payable for the life of the beneficiary under the plan and either there is no guaranteed period under the contract or there is a guaranteed period that does not exceed 15 years, (vi) the periodic payments (A) are equal, or (B) are not equal solely because of one or more adjustments that would, if the contract were an annuity under a retirement savings plan, be in accordance with subparagraphs 146(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 )
Income Tax Act — I-3.3 (a)
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 )
Income Tax Act — I-3.3 (a)
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 )
Income Tax Act — I-3.3
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 )
Income Tax Act — I-3.3 (a)
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 )
Income Tax Act — I-3.3
specified Minister means the minister designated under section 4 of the Canada Disability Savings Act . ( ministre responsable )
Income Tax Act — I-3.3 (a)
specified year , for a disability savings plan of a beneficiary means the particular calendar year in which a medical doctor or a nurse practitioner licensed to practise under the laws of a province (or of the place where the beneficiary resides) certifies in writing that the beneficiary’s state of health is such that, in the professional opinion of the medical doctor or the nurse practitioner, the beneficiary is not likely to survive more than five years and (a) if the plan is a specified disability savings plan, each subsequent calendar year, but does not include any calendar year prior to the calendar year in which the certification is provided to the issuer of the plan; or (b) in any other case, each of the five calendar years following the particular calendar year, but does not include any calendar year prior to the calendar year in which the certification is provided to the issuer of the plan. ( année déterminée )
Income Tax Act — I-3.3
annuitant means an individual who has acquired a contract for an annuity from a licensed annuities provider. ( rentier )
Income Tax Act — I-3.3
beneficiary , under a contract for an annuity, means an individual who has a right under the contract to receive a payment after the death of the annuitant or the annuitant’s spouse or common-law partner. ( bénéficiaire )
Income Tax Act — I-3.3 146.6
 contract, the contract is deemed to be a separate annuity contract issued and effected at the particular time otherwise than pursuant to or as a FHSA, and (iii) each person who has an interest or, for civil law, a right in the separate annuity contract or deposit, as the case may be, at the particular time is deemed to acquire the interest at the particular time at a cost equal to its fair market value at the particular time. Regulations (18) The Governor in Council may make regulations requiring issuers of FHSAs to file information returns in respect of FHSAs. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 2022, c. 19, s. 31 2024, c. 15, s. 46 2026, c. 3, s. 69
Income Tax Act — I-3.3 (a)
annual FHSA limit of a taxpayer for a taxation year is the least of (a) the amount determined by the formula A + B − C where A is the total of all contributions made to a FHSA in the year by the taxpayer (other than any contributions made after the taxpayer’s first qualifying withdrawal from a FHSA), B is (i) if the taxpayer’s maximum participation period has not begun in a preceding taxation year, nil, and (ii) in any other case, the amount by which the amount determined under this paragraph for the preceding taxation year exceeds the annual FHSA limit for that taxation year, and C is the amount by which the total of all designated amounts described in paragraph (b) of the definition designated amount in subsection 207.01(1) for the year exceeds the total of all contributions made to a FHSA by the taxpayer after the taxpayer’s first qualifying withdrawal from a FHSA, (b) the amount determined by the formula $8,000 + D − (E − F) where D is the amount of the FHSA carryforward for the taxation year, E is the taxpayer’s net RRSP-to-FHSA transfer amount at the end of the taxation year, and F is the total of all amounts, each of which is an amount determined in respect of each preceding taxation year that is (i) if the taxpayer had not started their maximum participation period in the year, nil, or (ii) in any other case, the lesser of (A) the amount determined by the formula G − H where G is the amount determined for E in the year, and H is the amount determined for F in the year, and (B) $8,000 plus the amount of the FHSA carryforward for the year, and (c) nil, if the taxation year is after the year in which (i) the taxpayer’s maximum participation period has ended, or (ii) the taxpayer has died. ( plafond annuel au titre du CELIAPP)
Income Tax Act — I-3.3
beneficiary under a FHSA means an individual (including an estate) or a qualified donee that has a right to receive a distribution from the FHSA after the death of the holder of the FHSA. ( bénéficiaire )
Income Tax Act — I-3.3
first home savings account or FHSA means a qualifying arrangement registered with the Minister that has not ceased to be a FHSA under subsection 146.6(16). ( compte d’épargne libre d’impôt pour l’achat d’une première propriété ou CELIAPP )
Income Tax Act — I-3.3 (a)
FHSA carryforward of a taxpayer for a taxation year is the least of (a) $8,000, (b) the amount determined by the formula A − B where A is the amount determined in paragraph (b) of the definition annual FHSA limit for the preceding taxation year, and B is the amount determined in paragraph (a) of the definition annual FHSA limit for the preceding taxation year plus the total of all contributions made to a FHSA in the preceding taxation year by the taxpayer after the taxpayer’s first qualifying withdrawal from a FHSA, and (c) nil, if the taxpayer had not started their maximum participation period prior to the taxation year. ( montant des cotisations reporté )
Income Tax Act — I-3.3 (a)
holder of an arrangement means (a) until the death of the individual who entered into the arrangement, the individual; and (b) after the death of the individual, the individual’s survivor, if the survivor is designated under the arrangement to become a successor of the holder and is a qualifying individual. ( titulaire )
Income Tax Act — I-3.3 (a)
maximum participation period of an individual means the period that (a) begins when an individual first enters into a qualifying arrangement; and (b) ends at the end of the year following the year in which the earliest of the following events occur: (i) the 14th anniversary of the date the individual first enters into a qualifying arrangement, (ii) the individual attains 70 years of age, and (iii) the individual first makes a qualifying withdrawal from a FHSA. ( période de participation maximale )