Income Tax Act — I-3.3 147.3
Transfer — money purchase to money purchase, RRSP or RRIF 147.3 (1) An amount is transferred from a registered pension plan in accordance with this subsection if the amount (a) is a single amount; (b) is transferred on behalf of a member in full or partial satisfaction of the member’s entitlement to benefits under a money purchase provision of the plan as registered; and (c) is transferred directly to (i) another registered pension plan to provide benefits in respect of the member under a money purchase provision of that plan, (ii) a registered retirement savings plan under which the member is the annuitant (within the meaning assigned by subsection 146(1)), (iii) a registered retirement income fund under which the member is the annuitant (within the meaning assigned by subsection 146.3(1)), or (iv) a licensed annuities provider to acquire an advanced life deferred annuity for the benefit of the member. Transfer — money purchase to defined benefit (2) An amount is transferred from a registered pension plan in accordance with this subsection if the amount (a) is a single amount; (b) is transferred on behalf of a member in full or partial satisfaction of the member’s entitlement to benefits under a money purchase provision of the plan as registered; and (c) is transferred directly to another registered pension plan to fund benefits provided in respect of the member under a defined benefit provision of that plan. Transfer — defined benefit to defined benefit (3) An amount is transferred from a registered pension plan (in this subsection referred to as the “transferor plan”) in accordance with this subsection if the amount (a) is a single amount; (b) consists of all or any part of the property held in connection with a defined benefit provision of the transferor plan; (c) is transferred directly to another registered pension plan to be held in connection with a defined benefit provision of the other plan, unless the transfer is to an individual pension plan (as defined in subsection 8300(1) of the Income Tax Regulations ) and is in respect of benefits that are attributable to employment with a former employer that is not a participating employer (or its predecessor employer); and (d) is transferred as a consequence of benefits becoming provided under the defined benefit provision of the other plan to one or more individuals who were members of the transferor plan. Transfer — defined benefit to money purchase, RRSP or RRIF (4) An amount is transferred from a registered pension plan in accordance with this subsection if the amount (a) is a single amount no portion of which relates to an actuarial surplus; (b) is transferred on behalf of a member in full or partial satisfaction of benefits to which the member is entitled, either absolutely or contingently, under a defined benefit provision of the plan as registered; (c) does not exceed a prescribed amount; and (d) is transferred directly to (i) another registered pension plan and allocated to the member under a money purchase provision of that plan, (ii) a registered retirement savings plan under which the member is the annuitant (within the meaning assigned by subsection 146(1)), or (iii) a registered retirement income fund under which the member is the annuitant (within the meaning assigned by subsection 146.3(1)). Transfer of surplus — defined benefit to money purchase (4.1) An amount is transferred from a registered pension plan in accordance with this subsection if the amount (a) is transferred in respect of the actuarial surplus under a defined benefit provision of the plan; and (b) is transferred directly to another registered pension plan and allocated under a money purchase provision of that plan to one or more members of that plan. Transfer to RPP, RRSP or RRIF for spouse on marriage breakdown (5) An amount is transferred from a registered pension plan in accordance with this subsection if the amount (a) is a single amount no portion of which relates to an actuarial surplus