Income Tax Act — I-3.3 248
right under the arrangement at the end of the year to receive after the end of the year where the amount has been received, is receivable or may at any time become receivable by the trust as, on account or in lieu of salary or wages of the taxpayer for services rendered in the year or a preceding taxation year, and (b) in any other case, any amount that a person has a right under the arrangement at the end of the year to receive after the end of the year, and, for the purposes of this definition, a right under the arrangement shall include a right that is subject to one or more conditions unless there is a substantial risk that any one of those conditions will not be satisfied; ( montant différé ) deferred profit sharing plan has the meaning assigned by subsection 147(1); ( régime de participation différée aux bénéfices ) depreciable property has the meaning assigned by subsection 13(21); ( bien amortissable ) derivative forward agreement , of a taxpayer, means an agreement entered into by the taxpayer to purchase or sell a capital property if (a) the term of the agreement exceeds 180 days or the agreement is part of a series of agreements with a term that exceeds 180 days, (b) in the case of a purchase agreement, the difference between the fair market value of the property delivered on settlement, including partial settlement, of the agreement and the amount paid for the property is attributable, in whole or in part, to an underlying interest (including a value, price, rate, variable, index, event, probability or thing) other than (i) revenue, income or cashflow in respect of the property over the term of the agreement, changes in the fair market value of the property over the term of the agreement, or any similar criteria in respect of the property unless (A) the property is (I) a Canadian security (as defined in subsection 39(6)), or (II) an interest in a partnership the fair market value of which is derived, in whole or in part, from a Canadian security, (B) the agreement is an agreement to acquire property from (I) a tax-indifferent (as defined in subsection 18.2(1)), or (II) a financial institution (as defined in subsection 142.2(1)), and (C) it can reasonably be considered that one of the main purposes of the series of transactions or events, or any transaction or event in the series, of which the agreement is part is for all or any portion of the capital gain on a disposition (other than a disposition by the seller to the taxpayer under the agreement) of a Canadian security referred to in clause (A) — as part of the same series of transactions or events — to be attributable to amounts paid or payable on the Canadian security by the issuer of the Canadian security during the term of the agreement as (I) interest, (II) dividends, or (III) income of a trust other than income paid out of the taxable capital gains of the trust, (ii) if the purchase price is denominated in the currency of a country other than Canada, changes in the value of the Canadian currency relative to that other currency, or (iii) an underlying interest that relates to a purchase of currency, if it can reasonably be considered that the purchase is agreed to by the taxpayer in order to reduce its risk of fluctuations in the value of the currency in which a purchase or sale by the taxpayer of a capital property is denominated, in which an obligation that is a capital property of the taxpayer is denominated or from which a capital property of the taxpayer derives its value, and (c) in the case of a sale agreement, (i) the difference between the sale price of the property and the fair market value of the property at the time the agreement is entered into by the taxpayer is attributable, in whole or in part, to an underlying interest (including a value, price, rate, variable, index, event, probability or thing) other than (A) revenue, income or cashflow in respect of the property over the term of the agreement, changes in the fair market value of the proper