GreatNorthCollective/greatnorth-canada-federal-laws-text huggingface dataset:
Income Tax Act — I-3.3 (a)
retirement savings plan means (a) a contract between an individual and a person licensed or otherwise authorized under the laws of Canada or a province to carry on in Canada an annuities business, under which, in consideration of payment by the individual or the individual’s spouse or common-law partner of any periodic or other amount as consideration under the contract, a retirement income commencing at maturity is to be provided for the individual, or (b) an arrangement under which payment is made by an individual or the individual’s spouse or common-law partner (i) in trust to a corporation licensed or otherwise authorized under the laws of Canada or a province to carry on in Canada the business of offering to the public its services as trustee, of any periodic or other amount as a contribution under the trust, (ii) to a corporation approved by the Governor in Council for the purposes of this section that is licensed or otherwise authorized under the laws of Canada or a province to issue investment contracts providing for the payment to or to the credit of the holder thereof of a fixed or determinable amount at maturity, of any periodic or other amount as a contribution under such a contract between the individual and that corporation, or (iii) as a deposit with a branch or office, in Canada, of (A) a person who is, or is eligible to become, a member of the Canadian Payments Association, or (B) a credit union that is a shareholder or member of a body corporate referred to as a “central” for the purposes of the Canadian Payments Act , (in this section referred to as a “depositary”) to be used, invested or otherwise applied by that corporation or that depositary, as the case may be, for the purpose of providing for the individual, commencing at maturity, a retirement income; ( régime d’épargne-retraite )
Income Tax Act — I-3.3 (a)
spousal or common-law partner plan , in relation to a taxpayer, means (a) a registered retirement savings plan (i) to which the taxpayer has, at a time when the taxpayer’s spouse or common-law partner was the annuitant under the plan, paid a premium, or (ii) that has received a payment out of or a transfer from a registered retirement savings plan or a registered retirement income fund that was a spousal or common-law partner plan in relation to the taxpayer, or (b) a registered retirement income fund that has received a payment out of or a transfer from a spousal or common-law partner plan in relation to the taxpayer; ( régime au profit de l’époux ou du conjoint de fait )
Income Tax Act — I-3.3
spousal plan [Repealed, 2001, c. 17, s. 246]
Income Tax Act — I-3.3 (a)
tax-paid amount paid to a person in respect of a registered retirement saving plan means (a) an amount paid to the person in respect of the amount that would, if this Act were read without reference to subsection 104(6), be income of a trust governed by the plan for a taxation year for which the trust was subject to tax because of paragraph 146(4)(c), or (b) where (i) the plan is a deposit with a depositary referred to in clause (b)(iii)(B) of the definition retirement savings plan in this subsection, and (ii) an amount is received at any time out of or under the plan by the person, the portion of the amount that can reasonably be considered to relate to interest or another amount in respect of the deposit that was required to be included in computing the income of any person (other than the annuitant) otherwise than because of this section; ( montant libéré d’impôt )
Income Tax Act — I-3.3 (a)
unused RRSP deduction room of a taxpayer at the end of a taxation year means, (a) for taxation years ending before 1991, nil, and (b) for taxation years that end after 1990, the amount, which can be positive or negative, determined by the formula A + B + R - (C + D) where A is the taxpayer’s unused RRSP deduction room at the end of the preceding taxation year, B is the amount, if any, by which (i) the lesser of the RRSP dollar limit for the year and 18% of the taxpayer’s earned income for the preceding taxation year exceeds the total of all amounts each of which is (ii) the taxpayer’s pension adjustment for the preceding taxation year in respect of an employer, or (iii) a prescribed amount in respect of the taxpayer for the year, C is the taxpayer’s net past service pension adjustment for the year, D is the total of all amounts each of which is (i) an amount deducted by the taxpayer under any of subsections (5) to (5.2), in computing the taxpayer’s income for the year, (ii) an amount deducted by the taxpayer under paragraph 10 of Article XVIII of the Canada-United States Tax Convention signed at Washington on September 26, 1980 or a similar provision in another tax treaty, in computing the taxpayer’s taxable income for the year, (iii) a contribution made by an employer in the year to a pooled registered pension plan in respect of the taxpayer, or (iv) the amount, if any, by which the taxpayer’s exempt-income contribution amount (as defined in subsection 147.5(1)) for the year exceeds the taxpayer’s unused non-deductible PRPP room (as defined in subsection 147.5(1)) at the end of the preceding taxation year, and R is the taxpayer’s total pension adjustment reversal for the year. ( déductions inutilisées au titre des REER )
Income Tax Act — I-3.3 146.01
013, c. 34, s. 297] (9) to (13) [Repealed, 1995, c. 3, s. 44(13)] [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1994, c. 7, Sch. VIII, s. 83, c. 8, s. 19, c. 21, s. 70; 1995, c. 3, s. 44; 1996, c. 21, s. 35; 1999, c. 22, s. 60; 2000, c. 12, s. 142; 2009, c. 2, s. 52; 2011, c. 24, s. 46; 2013, c. 34, s. 297 2019, c. 29, s. 27 2023, c. 26, s. 38 2024, c. 15, s. 43 2024, c. 17, s. 49
Income Tax Act — I-3.3
annuitant has the meaning assigned by subsection 146(1); ( rentier )
Income Tax Act — I-3.3
benefit has the meaning assigned by subsection 146(1); ( prestation )
Income Tax Act — I-3.3 (a)
completion date , in respect of an amount received by an individual, is (a) where the amount was received before March 2, 1993, October 1, 1993, (b) where the amount was received after March 1, 1993 and before March 2, 1994, October 1, 1994, and (c) in any other case, October 1 of the calendar year following the calendar year in which the amount was received; ( date de clôture )
Income Tax Act — I-3.3
designated withdrawal of an individual is an amount received by the individual, as a benefit out of or under a registered retirement savings plan, pursuant to the individual’s written request in the prescribed form referred to in paragraph (a) of the definition eligible amount (as that definition read in its application to amounts received before 1999), paragraph (a) of the definition regular eligible amount or paragraph (a) of the definition supplemental eligible amount ; ( retrait déterminé )
Income Tax Act — I-3.3
eligible amount of an individual is a regular eligible amount or supplemental eligible amount of the individual; ( montant admissible )
Income Tax Act — I-3.3 (a)
excluded premium in respect of an individual means a premium under a registered retirement savings plan where the premium (a) was designated by the individual for the purposes of paragraph 60(j), 60(j.1), 60(j.2) or 60(l), (b) was an amount transferred directly from a FHSA, registered retirement savings plan, registered pension plan, registered retirement income fund or deferred profit sharing plan, (c) was deductible under subsection 146(6.1) in computing the individual’s income for any taxation year, or (d) was deducted in computing the individual’s income for the 1991 taxation year; ( prime exclue )
Income Tax Act — I-3.3 (a)
HBP balance of an individual at any time means the amount, if any, by which the total of all eligible amounts received by the individual at or before that time exceeds the total of (a) all amounts designated under subsection (3) by the individual for taxation years that ended before that time, and (b) all amounts each of which is included under subsection (4) or (5) in computing the individual’s income for a taxation year that ended before that time; ( solde RAP )
Income Tax Act — I-3.3
issuer has the meaning assigned by subsection 146(1); ( émetteur )
Income Tax Act — I-3.3 (a)
participation period of an individual means each period (a) that begins at the beginning of a calendar year in which the individual receives an eligible amount, and (b) that ends immediately before the beginning of the first subsequent calendar year at the beginning of which the individual’s HBP balance is nil; ( période de participation )
Income Tax Act — I-3.3
premium has the meaning assigned by subsection 146(1); ( prime )
Income Tax Act — I-3.3 (a)
qualifying home means (a) a housing unit located in Canada, or (b) a share of the capital stock of a cooperative housing corporation, the holder of which is entitled to possession of a housing unit located in Canada, except that, where the context so requires, a reference to a qualifying home that is a share described in paragraph (b) means the housing unit to which the share described in that paragraph relates; ( habitation admissible )
Income Tax Act — I-3.3 (a)
regular eligible amount of an individual means an amount received at a particular time by the individual as a benefit out of or under a registered retirement savings plan if (a) the amount is received pursuant to the individual’s written request in a prescribed form in which the individual sets out the location of a qualifying home that the individual has begun, or intends not later than one year after its acquisition by the individual to begin, using as a principal place of residence, (b) the individual entered into an agreement in writing before the particular time for the acquisition of it or with respect to its construction, (c) the individual (i) acquires the qualifying home (or a replacement property for the qualifying home) before the completion date in respect of the amount, or (ii) dies before the end of the calendar year that includes the completion date in respect of the amount, (d) neither the individual nor the individual’s spouse or common-law partner acquired the qualifying home more than 30 days before the particular time, (e) the individual did not have an owner-occupied home in the period (i) that began at the beginning of the fourth preceding calendar year that ended before the particular time, and (ii) that ended on the 31st day before the particular time, (f) the individual’s spouse or common-law partner did not, in the period referred to in paragraph (e), have an owner-occupied home (i) that was inhabited by the individual during the spouse’s or common-law partner’s marriage or common-law partnership to the individual, or (ii) that was a share of the capital stock of a cooperative housing corporation that relates to a housing unit inhabited by the individual during the spouse’s or common-law partner’s marriage or common-law partnership to the individual, (g) the individual (i) acquired the qualifying home before the particular time and is resident in Canada at the particular time, or (ii) is resident in Canada throughout the period that begins at the particular time and ends at the earlier of the time of the individual’s death and the earliest time at which the individual acquires the qualifying home or a replacement property for it, (h) the total of the amount and all other eligible amounts received by the individual in the calendar year that includes the particular time does not exceed $60,000, and (i) the individual’s HBP balance at the beginning of the calendar year that includes the particular time is nil; ( montant admissible principal )
Income Tax Act — I-3.3 (a)
replacement property for a particular qualifying home in respect of an individual, or of a specified disabled person in respect of the individual, means another qualifying home that (a) the individual or the specified disabled person agrees to acquire, or begins the construction of, at a particular time that is after the latest time that the individual made a request described in the definition designated withdrawal in respect of the particular qualifying home, (b) at the particular time, the individual intends to be used by the individual or the specified disabled person as a principal place of residence not later than one year after its acquisition, and (c) none of the individual, the individual’s spouse or common-law partner, the specified disabled person or that person’s spouse or common-law partner had acquired before the particular time; ( bien de remplacement )
Income Tax Act — I-3.3 (a)
specified disabled person , in respect of an individual at any time, means a person who (a) is the individual or is related at that time to the individual, and (b) would be entitled to a deduction under subsection 118.3(1) in computing tax payable under this Part for the person’s taxation year that includes that time if that subsection were read without reference to paragraph (c) of that subsection; ( personne handicapée déterminée )
Income Tax Act — I-3.3 (a)
supplemental eligible amount of an individual means an amount received at a particular time by the individual as a benefit out of or under a registered retirement savings plan if (a) the amount is received pursuant to the individual’s written request in a prescribed form identifying a specified disabled person in respect of the individual and setting out the location of a qualifying home (i) that has begun to be used by that person as a principal place of residence, or (ii) that the individual intends to be used by that person as a principal place of residence not later than one year after its first acquisition after the particular time, (b) the purpose of receiving the amount is to enable the specified disabled person to live (i) in a dwelling that is more accessible by that person or in which that person is more mobile or functional, or (ii) in an environment better suited to the personal needs and care of that person, (c) the individual or the specified disabled person entered into an agreement in writing before the particular time for the acquisition of the qualifying home or with respect to its construction, (d) either (i) the individual or the specified disabled person acquires the qualifying home (or a replacement property for it) after 1998 and before the completion date in respect of the amount, or (ii) the individual dies before the end of the calendar year that includes the completion date in respect of the amount, (e) none of the individual, the spouse or common-law partner of the individual, the specified disabled person or the spouse or common-law partner of that person acquired the qualifying home more than 30 days before the particular time, (f) either (i) the individual or the specified disabled person acquired the qualifying home before the particular time and the individual is resident in Canada at the particular time, or (ii) the individual is resident in Canada throughout the period that begins at the particular time and ends at the earlier of the time of the individual’s death and the earliest time at which (A) the individual acquires the qualifying home or a replacement property for it, or (B) the specified disabled person acquires the qualifying home or a replacement property for it, (g) the total of the amount and all other eligible amounts received by the individual in the calendar year that includes the particular time does not exceed $60,000, and (h) the individual’s HBP balance at the beginning of the calendar year that includes the particular time is nil. ( montant admissible supplémentaire )
Income Tax Act — I-3.3 146.02
ere the spouse or common-law partner received an eligible amount before the particular time in the spouse’s or common-law partner’s participation period that included the particular time and the particular individual designated under paragraph (b) of the definition eligible amount in subsection (1) in respect of that eligible amount was not the spouse or common-law partner, for the purpose of applying this section after the particular time the particular individual is deemed to be the person designated under that paragraph in respect of the particular amount. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1999, c. 22, s. 61; 2000, c. 12, s. 142; 2005, c. 19, s. 33; 2011, c. 24, s. 47; 2016, c. 7, s. 39 2019, c. 29, s. 28 2024, c. 15, s. 44
Income Tax Act — I-3.3
annuitant has the meaning assigned by subsection 146(1). ( rentier )
Income Tax Act — I-3.3
benefit has the meaning assigned by subsection 146(1). ( prestation )
Income Tax Act — I-3.3 (a)
eligible amount of an individual means a particular amount received at a particular time in a calendar year by the individual as a benefit out of or under a registered retirement savings plan if (a) the particular amount is received after 1998 pursuant to the individual’s written request in a prescribed form; (b) in respect of the particular amount, the individual designates in the form a person (in this definition referred to as the “designated person”) who is the individual or the individual’s spouse or common-law partner; (c) the total of the particular amount and all other eligible amounts received by the individual at or before the particular time and in the year does not exceed $10,000; (d) the total of the particular amount and all other eligible amounts received by the individual at or before the particular time (other than amounts received in participation periods of the individual that ended before the year) does not exceed $20,000; (e) the individual did not receive an eligible amount at or before the particular time in respect of which someone other than the designated person was designated (other than an amount received in a participation period of the individual that ended before the year); (f) the designated person (i) is enrolled at the particular time as a full-time student in a qualifying educational program, or (ii) has received written notification before the particular time that the designated person is absolutely or contingently entitled to enrol before March of the following year as a full-time student in a qualifying educational program; (g) the individual is resident in Canada throughout the period that begins at the particular time and ends immediately before the earlier of (i) the beginning of the following year, and (ii) the time of the individual’s death; (h) except where the individual dies after the particular time and before April of the following year, the designated person is enrolled as a full-time student in a qualifying educational program after the particular time and before March of the following year and (i) the designated person completes the program before April of the following year, (ii) the designated person does not withdraw from the program before April of the following year, or (iii) less than 75% of the tuition paid, after the beginning of the year and before April of the following year, in respect of the designated person and the program is refundable; and (i) if an eligible amount was received by the individual before the year, the particular time is neither (i) in the individual’s repayment period for the individual’s participation period that includes the particular time, nor (ii) after January (or a later month where the Minister so permits) of the fifth calendar year of that participation period. ( montant admissible )
Income Tax Act — I-3.3 (a)
excluded premium of an individual means a premium that (a) was designated by the individual for the purpose of paragraph 60(j), (j.1) or (l) or subsection 146.01(3); (b) was a repayment to which paragraph (b) or (d) of the definition excluded withdrawal in subsection 146.01(1) applies; (c) was an amount transferred directly from a FHSA, registered retirement savings plan, registered pension plan, registered retirement income fund or deferred profit sharing plan; or (d) was deductible under subsection 146(6.1) in computing the individual’s income for any taxation year. ( prime exclue )
Income Tax Act — I-3.3 (a)
excluded withdrawal of an individual means (a) an eligible amount received by the individual; or (b) a particular amount (other than an eligible amount) received while the individual was resident in Canada and in a calendar year if (i) the particular amount would be an eligible amount of the individual if the definition eligible amount were read without reference to paragraphs (g) and (h) of that definition, (ii) a payment (other than an excluded premium) equal to the particular amount is paid by the individual under a retirement savings plan that is, at the end of the taxation year of payment, a registered retirement savings plan under which the individual is the annuitant, (iii) the payment is made before the particular time that is, (A) if the individual was not resident in Canada at the time the individual filed a return of income for the taxation year in which the particular amount was received, the earlier of (I) the end of the following calendar year, and (II) the time at which the individual filed the return, and (B) in any other case, the end of the following calendar year, and (iv) the payment (and no other payment) is designated under this subparagraph as a repayment of the particular amount in prescribed form filed with the Minister on or before the particular time (or before such later time as is acceptable to the Minister). ( retrait exclu )
Income Tax Act — I-3.3
full-time student in a taxation year includes an individual to whom subsection 118.6(3) applies for the purpose of computing tax payable under this Part for the year or the following taxation year. ( étudiant à temps plein )
Income Tax Act — I-3.3 (a)
LLP balance of an individual at any time means the amount, if any, by which the total of all eligible amounts received by the individual at or before that time exceeds the total of (a) all amounts designated under subsection (3) by the individual for taxation years that ended before that time, and (b) all amounts each of which is included under subsection (4) or (5) in computing the individual’s income for a taxation year that ended before that time. ( solde REP )
Income Tax Act — I-3.3 (a)
participation period of an individual means each period (a) that begins at the beginning of a calendar year (i) in which the individual receives an eligible amount, and (ii) at the beginning of which the individual’s LLP balance is nil; and (b) that ends immediately before the beginning of the first subsequent calendar year at the beginning of which the individual’s LLP balance is nil. ( période de participation )
Income Tax Act — I-3.3
premium has the meaning assigned by subsection 146(1). ( prime )
Income Tax Act — I-3.3 (a)
qualifying educational program means a program at a designated educational institution, as defined in subsection 118.6(1), of not less than three consecutive months duration that requires that each student taking the program spend not less than ten hours per week on courses or work in the program and that is (a) of a technical or vocational nature designed to furnish a person with skills for, or improve a person’s skills in, an occupation, if the program is at an institution described in subparagraph (a)(ii) of that definition; and (b) at a post-secondary school level, in any other case. ( programme de formation admissible )