Income Tax Act — I-3.3 146.6
ual first makes a qualifying withdrawal from a FHSA. ( période de participation maximale ) net RRSP-to-FHSA transfer amount of a holder at a particular time means the amount by which‍ (a) the total of all amounts transferred under paragraph 146(16)(a.2), at or before that time, to a FHSA of the holder exceeds (b) the total of all amounts designated by the holder under paragraph (a) of the definition designated amount in subsection 207.01(1) at or before that time. ( montant net de transfert de REER à CELIAPP ) non-qualified investment has the same meaning as in subsection 207.01(1). ( placement non admissible ) qualified investment has the same meaning as in subsection 207.01(1). ( placement admissible ) qualifying arrangement , at a particular time, means an arrangement (a) that is entered into after March 2023 between a person (in this definition referred to as the “issuer”) and a qualifying individual; (b) that is (i) an arrangement in trust with an issuer that is 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, (ii) an annuity contract with an issuer that is a licensed annuities provider, or (iii) a deposit with an issuer that is (A) a person that is, or is eligible to become, a member of the Canadian Payments Association, or (B) a credit union that is a shareholder or member of a body corporate referred to as a “central” for the purposes of the Canadian Payments Act ; (c) that provides for contributions to be made under the arrangement to the issuer in consideration of, or to be used, invested or otherwise applied for the purpose of, the issuer making distributions under the arrangement to the holder; (d) under which the issuer and the qualifying individual agree, at the time the arrangement is entered into, that the issuer will file with the Minister an election to register the arrangement as a FHSA, in the prescribed form and manner under the Social Insurance Number of the qualifying individual with whom the arrangement was entered into; and (e) that, at all times throughout the period that begins at the time the arrangement is entered into and that ends at the particular time, complies with the conditions in subsection (2). ( arrangement admissible ) qualifying home means (a) a housing unit located in Canada; or (b) a share of the capital stock of a cooperative housing corporation, the holder of which is entitled to possession of a housing unit located in Canada, except that, where the context so requires, a reference to a share with a right to possession of a housing unit described means the housing unit to which the share relates. ( habitation admissible ) qualifying individual , at a particular time, means an individual who (a) is a resident of Canada; (b) is at least 18 years of age; and (c) did not, at any prior time in the calendar year or in the preceding four calendar years, inhabit as a principal place of residence a qualifying home (or what would be a qualifying home if it were located in Canada) that was owned, whether jointly with another person or otherwise, by (i) the individual, or (ii) a person who is the spouse or common-law partner of the individual at the particular time. ( particulier déterminé ) qualifying withdrawal of an individual means an amount received at a particular time by the individual as a benefit out of or under a FHSA if (a) the amount is received as a result of the individual’s written request in prescribed form in which the individual sets out the location of a qualifying home that the individual has begun, or intends not later than one year after its acquisition by the individual to begin, using as a principal place of residence; (b) the individual (i) is a resident of Canada throughout the period that begins at the particular time and ends at the earlier of the time of the individual’s death and the time at which the individual acquires the qualifying home, an