Income Tax Act — I-3.3 147.1
Definitions 147.1 (1) In this section and sections 147.2 and 147.3, actuary means a Fellow of the Canadian Institute of Actuaries; ( actuaire ) administrator of a pension plan means the person or body of persons that has ultimate responsibility for the administration of the plan; ( administrateur ) average wage for a calendar year means the amount that is obtained by dividing by 12 the total of all amounts each of which is the wage measure for a month in the 12 month period ending on June 30 of the immediately preceding calendar year; ( salaire moyen ) compensation of an individual from an employer for a calendar year means the total of all amounts each of which is (a) an amount in respect of the individual’s employment with the employer, or an office in respect of which the individual is remunerated by the employer, that is required (or that would be required but for paragraph 81(1)(a) as it applies with respect to the Indian Act or the Foreign Missions and International Organizations Act ) by section 5 or 6 to be included in computing the individual’s income for the year, except such portion of the amount that (i) meets the following conditions: (A) the portion may reasonably be considered to relate to a period throughout which the individual was not resident in Canada, and (B) the portion is (I) not attributable to the performance of the duties of the office or employment in Canada, or (II) exempt from income tax in Canada by reason of a tax treaty, or (ii) is deducted under paragraph 8(1)(o.2) in computing the taxpayer’s income for the year, (b) a prescribed amount, or (c) an amount acceptable to the Minister in respect of remuneration received by the individual from any employer for a period in the year throughout which the individual was not resident in Canada, to the extent that the amount is not otherwise included in the total; ( rétribution ) defined benefit provision of a pension plan means terms of the plan under which benefits in respect of each member are determined in any way other than that described in the definition money purchase provision in this subsection; ( disposition à prestations déterminées ) designated money purchase provision , in a calendar year, means a money purchase provision of a registered pension plan under which accounts are maintained in respect of at least 10 members throughout the year or under which the total contributions made for the year on behalf of an individual described in paragraph 8515(4)(a) or (b) of the Income Tax Regulations do not exceed 50% of the total contributions made for the year; ( disposition à cotisations déterminées désignée ) former limit for each calendar year after 2005 and before 2010 means the greater of (a) the product (rounded to the nearest multiple of $10, or, if that product is equidistant from two such consecutive multiples, to the higher multiple) of (i) $18,000, and (ii) the quotient obtained when the average wage for the year is divided by the average wage for 2005, and (b ) for 2006, $18,000, and for any other of those calendar years, the former limit for the preceding calendar year; ( ancien plafond ) member of a pension plan means an individual who has a right, either immediate or in the future and either absolute or contingent, to receive benefits under the plan, other than an individual who has such a right only by reason of the participation of another individual in the plan; ( participant ) money purchase limit for a calendar year means (a) for years before 1990, nil, (b) for 1990, $11,500, (c) for 1991 and 1992, $12,500, (d) for 1993, $13,500, (e) for 1994, $14,500, (f) for 1995, $15,500, (g) for years after 1995 and before 2003, $13,500, (h) for 2003, $15,500, (i) for 2004, $16,500, (j) for 2005, $18,000, (k) for 2006, the greater of $19,000 and the former limit for the year, (l) for 2007, the greater of $20,000 and the former limit for the year, (m) for 2008, the greater of $21,000 and the former limit for the year, (n) for 2009, the greater