Income Tax Act — I-3.3 118
 of Canada, 1952; ( revenu de pension ) qualified pension income received by an individual in a taxation year means the total of all amounts each of which is an amount included in computing the individual’s income for the year and described in (a) subparagraph (a)(i) of the definition pension income in this subsection, or (b) any of subparagraphs 118(7) qualified pension income (a)(ii) to 118(7) qualified pension income (a)(vi) or paragraph (b) of the definition pension income in this subsection received by the individual as a consequence of the death of a spouse or common-law partner of the individual. ( revenu de pension admissible ) Interpretation (8) For the purposes of subsection (7), pension income and qualified pension income received by an individual in a taxation year do not include any amount that is (a) the amount of a pension or supplement under the Old Age Security Act or of any similar payment under a law of a province; (b) the amount of a benefit under the Canada Pension Plan or under a provincial pension plan as defined in section 3 of that Act; (c) a death benefit; (d) the amount, if any, by which (i) an amount required to be included in computing the individual’s income for the year exceeds (ii) the amount, if any, by which the amount referred to in subparagraph (i) exceeds the total of all amounts deducted (other than under paragraph 60(c)) by the individual for the year in respect of that amount; (e) a payment received out of or under a salary deferral arrangement, a retirement compensation arrangement, an employee benefit plan or an employee trust; or (f) a payment (other than a payment under the Judges Act or the Lieutenant Governors Superannuation Act ) received out of or under an unfunded supplemental plan or arrangement, being a plan or arrangement where (i) the payment was in respect of services rendered to an employer by the individual or the individual’s spouse or common-law partner or former spouse or common-law partner as an employee, and (ii) the plan or arrangement would have been a retirement compensation arrangement or an employee benefit plan had the employer made a contribution in respect of the payment to a trust governed by the plan or arrangement. Bridging benefits (8.1) For the purposes of subsection (7), a payment in respect of a life annuity under a superannuation or pension plan is deemed to include a payment in respect of bridging benefits, being benefits payable under a registered pension plan on a periodic basis and not less frequently than annually to an individual where (a) the individual or the individual’s spouse or common-law partner or former spouse or common-law partner was a member (as defined in subsection 147.1(1)) of the registered pension plan; (b) the benefits are payable for a period ending no later than the end of the month following the month in which the member attains 65 years of age or would have attained that age if the member had survived to that day; and (c) the amount (expressed on an annualized basis) of the benefits payable to the individual for a calendar year does not exceed the total of the maximum amount of benefits payable for that year under Part I of the Old Age Security Act and the maximum amount of benefits (other than disability, death or survivor benefits) payable for that year under either the Canada Pension Plan or a provincial pension plan as defined in section 3 of that Act. (9) [Repealed, 2009, c. 2, s. 34] Child tax credit (9.1) For greater certainty, in the case of a child who in a taxation year is born, adopted or dies, the reference to “throughout the taxation year” in subparagraph 118(1)(b.1)(i) is to be read as a reference to “throughout the portion of the taxation year that is after the child’s birth or adoption or before the child’s death”. Canada Employment Credit (10) For the purpose of computing the tax payable under this Part by an individual for a taxation year, there may be deducted the amount determined by the formula A × B wh