Income Tax Act — I-3.3 204.2
cess amount in respect of registered retirement savings plans at that time if the value of D in paragraph 204.2(1.1)(b) were nil. Qualifying group plan amount (1.31) For the purposes of the description of F in paragraph (1.3)(a), a qualifying group plan amount in respect of an individual is a premium paid under a registered retirement savings plan or an amount contributed by an employer or former employer of the individual to an account of the individual under a pooled registered pension plan if (a) the plan is part of a qualifying arrangement or is a pooled registered pension plan, (b) the premium or contribution is an amount to which the individual is entitled for services rendered by the individual (whether or not as an employee), and (c) the premium or contribution was remitted to the plan on behalf of the individual by the person or body of persons that is required to remunerate the individual for the services, or by an agent for that person or body, but does not include the part, if any, of a premium or contribution that, by making (or failing to make) an election or exercising (or failing to exercise) any other right under the plan after beginning to participate in the plan and within 12 months before the time the premium was paid or the contribution was made, the individual could have prevented the premium or contribution and that would not as a consequence have been required to be remitted on behalf of the individual to another registered retirement savings plan or pooled registered pension plan or to a money purchase provision of a registered pension plan. Qualifying arrangement (1.32) For the purpose of paragraph 204.2(1.31)(a), a qualifying arrangement is an arrangement under which premiums that satisfy the conditions in paragraphs 204.2(1.31)(b) and 204.2(1.31)(c) are remitted to registered retirement savings plans on behalf of two or more individuals, but does not include an arrangement where it is reasonable to consider that one of the main purposes of the arrangement is to reduce tax payable under this Part. Deemed receipt where RRSP or RRIF amended (1.4) For the purposes of subsection 204.2(1.2), (a) where an amount in respect of a registered retirement savings plan has been included in computing an individual’s income pursuant to paragraph 146(12)(b), that amount shall be deemed to have been received by the individual out of the plan at the time referred to in that paragraph; and (b) where an amount in respect of a registered retirement income fund has been included in computing an individual’s income pursuant to paragraph 146.3(11)(b), that amount shall be deemed to have been received by the individual out of the fund at the time referred to in that paragraph. Transitional amount (1.5) For the purpose of the description of E in paragraph 204.2(1.1)(b), an individual’s transitional amount at any time in a taxation year is the lesser of (a) $6,000, and (b) where the value of L is nil, nil, and in any other case, the amount determined by the formula L - M where L is the amount, if any, by which (i) the amount that would be determined under subsection 204.2(1.2) to be the amount of the individual’s undeducted RRSP premiums at that time if (A) the value of I in that subsection were determined for the 1995 taxation year without including premiums paid after February 26, 1995, (B) the value of I in that subsection were nil for the 1996 and subsequent taxation years, and (C) the value of J in that subsection were determined for the 1995 and subsequent taxation years without including the part, if any, of an amount received by the individual out of or under a registered retirement savings plan or registered retirement income fund that can reasonably be considered to be in respect of premiums paid after February 26, 1995 by the individual under a registered retirement savings plan exceeds (ii) the total of all amounts each of which is an amount deducted under subsection 146(5) or 146(5.1) in computing the individual’s