Income Tax Act — I-3.3 56
Amounts to be included in income for year 56 (1) Without restricting the generality of section 3, there shall be included in computing the income of a taxpayer for a taxation year, Pension benefits, unemployment insurance benefits, etc. (a) any amount received by the taxpayer in the year as, on account or in lieu of payment of, or in satisfaction of, (i) a superannuation or pension benefit including, without limiting the generality of the foregoing, (A) the amount of any pension, supplement or spouse’s or common-law partner’s allowance under the Old Age Security Act and the amount of any similar payment under a law of a province, (B) the amount of any benefit under the Canada Pension Plan or a provincial pension plan as defined in section 3 of that Act, (C) the amount of any payment out of or under a specified pension plan, and (C.1) the amount of any payment out of or under a foreign retirement arrangement established under the laws of a country, except to the extent that the amount would not, if the taxpayer were resident in the country, be subject to income taxation in the country, but not including (D) the portion of a benefit received out of or under an employee benefit plan that is required by paragraph 6(1)(g) to be included in computing the taxpayer’s income for the year, or would be required to be so included if that paragraph were read without reference to subparagraph 6(1)(g)(ii), (E) the portion of an amount received out of or under a retirement compensation arrangement that is required by paragraph 56(1)(x) or 56(1)(z) to be included in computing the taxpayer’s income for the year, (F) a benefit received under section 71 of the Canada Pension Plan or under a similar provision of a provincial pension plan as defined in section 3 of that Act, and (G) an amount received out of or under a registered pension plan as a return of all or a portion of a contribution to the plan to the extent that the amount (I) is a payment made to the taxpayer under subsection 147.1(19) or subparagraph 8502(d)(iii) of the Income Tax Regulations, and (II) is not deducted in computing the taxpayer’s income for the year or a preceding taxation year, (ii) a retiring allowance, other than an amount received out of or under an employee benefit plan, a retirement compensation arrangement or a salary deferral arrangement, (iii) a death benefit, (iv) a benefit under Part I, VII.1, VIII or VIII.1 of the Employment Insurance Act , (v) a benefit under regulations made under an appropriation Act providing for a scheme of transitional assistance benefits to persons employed in the production of products to which the Canada-United States Agreement on Automotive Products, signed on January 16, 1965 applies, (vi) except to the extent otherwise required to be included in computing the taxpayer’s income, a prescribed benefit under a government assistance program, (vii) a benefit under the Act respecting parental insurance , R.S.Q., c. A-29.011, or (viii) an income replacement benefit payable to the taxpayer under Part 2 of the Veterans Well-being Act , if the amount is determined under subsection 19.1(1), paragraph 23(1)(b) or subsection 26.1(1) of that Act (as modified, where applicable, under Part 5 of that Act); Benefits under CPP/QPP (a.1) where the taxpayer is an estate that arose on or as a consequence of the death of an individual, each benefit received under section 71 of the Canada Pension Plan , or under a similar provision of a provincial pension plan as defined in section 3 of that Act, after July 1997 and in the year in respect of the death of the individual; Pension income reallocation (a.2) where the taxpayer is a pension transferee (as defined in subsection 60.03(1)), any amount that is a split-pension amount (as defined in that subsection) in respect of the pension transferee for the taxation year; Parents of victims of crime (a.3) amounts received by the taxpayer in the year under a program established under the authority of the Department