Income Tax Regulations — 8303
articular time, (ii) the individual’s lifetime retirement benefits under the provision have been adjusted by a cost-of-living or similar adjustment in respect of the period (in this paragraph referred to as the “deferral period”) beginning at the latest of (A) the time the individual’s pensionable service under the provision ends, (B) if the amount of the individual’s lifetime retirement benefits depends on the individual’s remuneration, the end of the most recent period for which the individual received remuneration that is taken into account in determining the individual’s lifetime retirement benefits, (C) if the amount of the individual’s lifetime retirement benefits depends on the individual’s remuneration and the remuneration is adjusted as described in paragraph 8302(3)(h), the end of the period in respect of which the adjustment is made, and (D) if the formula for determining the amount of the individual’s lifetime retirement benefits requires the calculation of an amount that is the product of a fixed rate and the duration of all or part of the individual’s pensionable service (or other measure of services rendered by the individual), the time as of which the value of the fixed rate applicable with respect to the individual was established, and ending at the earlier of the particular time and the time, if any, at which lifetime retirement benefits commenced to be paid under the provision to the individual, and (iii) the adjustment is warranted, having regard to all prior such adjustments, by the increase in the Consumer Price Index or in the wage measure from the commencement of the deferral period to the time the adjustment was made, benefits payable as a consequence of the adjustment, (k) benefits payable as a consequence of a cost-of-living adjustment made after the time lifetime retirement benefits commenced to be paid under the provision to the individual, where the adjustment (i) is warranted, having regard to all prior such adjustments, by the increase in the Consumer Price Index from that time to the time the adjustment was made, or (ii) is a periodic adjustment described in subparagraph 8503(2)(a)(ii), and (l) such portion of the individual’s lifetime retirement benefits as (i) would not otherwise be excluded in determining the individual’s normalized pension, (ii) may reasonably be considered to be attributable to cost-of-living adjustments or to adjustments made by reason of increases in a general measure of salaries and wages (other than increases in such a measure after the time lifetime retirement benefits commenced to be paid under the provision to the individual), and (iii) is acceptable to the Minister. Qualifying Transfers (6) For the purposes of subsections (3) and 8304(5), (7) and (10), and subject to subsection (6.1) and paragraph 8304(2)(h), the amount of an individual’s qualifying transfers made in connection with a past service event is the total of all amounts each of which is (a) the portion of an amount transferred to a registered pension plan (i) in accordance with any of subsections 146(16), 147(19) and 147.3(2), (5) and (7) of the Act, or (ii) from a specified multi-employer plan in accordance with subsection 147.3(3) of the Act that is transferred to fund benefits provided to the individual as a consequence of the past service event; or (b) the amount of any property held in connection with a benefit provision of a registered pension plan that is made available to fund benefits provided to the individual under another benefit provision of the plan as a consequence of the past service event, where the transaction by which the property is made so available is such that, if the benefit provisions were in separate registered pension plans, the transaction would constitute a transfer of property from one plan to the other in accordance with any of subsections 147.3(2), (5) and (7) of the Act. Exclusion for Pre-1990 Benefits (6.1) The amount of an individual’s qualifying transfers made in conne