Income Tax Regulations — 8500
ited amounts under the provision or earnings of the plan that are reasonably attributable to those amounts, (b) contributions made under the provision by an employer that will be allocated to members as part of the regular allocation of such contributions, or (c) earnings of the plan (other than earnings that are reasonably attributable to the surplus under the provision before that time) that will be allocated to members as part of the regular allocation of such earnings; ( surplus ) totally and permanently disabled means, in relation to an individual, suffering from a physical or mental impairment that prevents the individual from engaging in any employment for which the individual is reasonably suited by virtue of the individual’s education, training or experience and that can reasonably be expected to last for the remainder of the individual’s lifetime; ( invalidité totale et permanente ) Year’s Additional Maximum Pensionable Earnings for a calendar year has the meaning assigned by section 18.1 of the Canada Pension Plan ; ( maximum supplémentaire des gains annuels ouvrant droit à pension ) Year’s Maximum Pensionable Earnings for a calendar year has the meaning assigned by section 18 of the Canada Pension Plan . ( maximum des gains annuels ouvrant droit à pension ) (1.1) The definition surplus in subsection (1) applies for the purpose of subsection 147.3(7.1) of the Act. (1.2) The definition predecessor employer in subsection (1) applies for the purpose of subsection 147.2(8) of the Act. (1.3) For the purpose of determining under subsection 8507(3) whether a period in a calendar year is a qualifying period of an individual in the year with respect to an employer, the definition eligible period of reduced pay in subsection (1) is, in respect of the individual and the employer for the calendar year 2020 or 2021, modified as follows: (a) it is to be read without reference to its paragraph (a); and (b) its paragraph (c) is to be read as follows: (c) throughout which the remuneration received by the employee from the employer is less than the remuneration so received before the period; ( période admissible de salaire réduit ) (2) All words and expressions used in this Part that are defined in subsection 147.1(1) of the Act or in Part LXXXIII have the meanings assigned in those provisions. (3) For the purposes of this Part, a person is connected with an employer at any time where, at that time, the person (a) owns, directly or indirectly, not less than 10 per cent of the issued shares of any class of the capital stock of the employer or of any other corporation that is related to the employer, (b) does not deal at arm’s length with the employer, or (c) is a specified shareholder of the employer by reason of paragraph (d) of the definition specified shareholder in subsection 248(1) of the Act, and, for the purposes of this subsection, (d) a person shall be deemed to own, at any time, each share of the capital stock of a corporation owned, at that time, by a person with whom the person does not deal at arm’s length, (e) where shares of the capital stock of a corporation are owned at any time by a trust, (i) if the share of any beneficiary in the income or capital of the trust depends on the exercise by any person of, or the failure by any person to exercise, any discretionary power, each beneficiary of the trust shall be deemed to own, at that time, all the shares owned by the trust, and (ii) in any other case, each beneficiary of a trust shall be deemed to own, at that time, that proportion of the shares owned by the trust that the fair market value at that time of the beneficiary’s beneficial interest in the trust is of the fair market value at that time of all beneficial interests in the trust, (f) each member of a partnership shall be deemed to own, at any time, that proportion of all shares of the capital stock of a corporation that are property of the partnership at that time that the fair market value at that time of the me