Income Tax Act — I-3.3 207.01
 attributable, directly or indirectly, to (i) a prohibited investment in respect of the registered plan or any other registered plan of the controlling individual, (ii) in the case of a registered plan that is not a TFSA, an amount received by the controlling individual of the registered plan, or by a person who does not deal at arm’s length with the controlling individual (if it is reasonable to consider, having regard to all the circumstances, that the amount was paid in relation to, or would not have been paid but for, property held in connection with the registered plan) and the amount was paid as, on account or in lieu of, or in satisfaction of, a payment (A) for services provided by a person who is, or who does not deal at arm’s length with, the controlling individual of the registered plan, or (B) of interest, of a dividend, of rent, of a royalty or of any other return on investment, or of proceeds of disposition, or (iii) a deliberate over-contribution; (d) a registered plan strip in respect of the registered plan; and (e) a prescribed benefit. ( avantage ) allowable refund of a person for a calendar year means the total of all amounts each of which is a refund, for the year, to which the person is entitled under subsection 207.04(4). ( remboursement admissible ) controlling individual , of a registered plan, means (a) the holder of a TFSA; (b) a holder of a RDSP; (c) a subscriber of a RESP; (d) the annuitant of a RRIF or RRSP; or (e) the holder of a FHSA. ( particulier contrôlant ) deliberate over-contribution of an individual means a contribution made under a TFSA by the individual that results in, or increases, an excess TFSA amount, unless it is reasonable to conclude that the individual neither knew nor ought to have known that the contribution could result in liability for a penalty, tax or similar consequence under this Act. ( cotisation excédentaire intentionnelle ) designated amount of an individual means an amount, not exceeding the excess FHSA amount of the individual, designated by the individual in the prescribed form and manner that is (a) a transfer in accordance with subparagraph 146.‍6(7)‍(b)‍(ii), to the extent that it does not exceed the total of all amounts transferred under paragraph 146(16)‍(a.‍2) to a FHSA under which the individual is the holder on or before the date of the designation less the total of all amounts previously designated under this paragraph; or (b) a withdrawal from a FHSA under which the individual is the holder, to the extent that it does not exceed the total of all amounts contributed to a FHSA under which the individual is the holder on or before the date of the designation less the total of all amounts previously designated under this paragraph. ( montant désigné ) equity , of a corporation, trust or partnership, means (a) in the case of a corporation, a share of the capital stock of the corporation; (b) in the case of a trust, an income or capital interest in the trust; and (c) in the case of a partnership, an interest as a member of the partnership. ( droit sur l’actif ) excess FHSA amount of an individual at a particular time in a taxation year means (a) the amount determined by the formula A + B + C − D − E − F where A is (i) nil, if the individual had not started their maximum participation period in the preceding taxation year, and (ii) the individual’s excess FHSA amount determined at the end of the immediately preceding taxation year, in any other case; B is the total of all amounts each of which is a contribution made to a FHSA by the individual in the taxation year at or before the particular time; C is the total of all amounts transferred in the taxation year under paragraph 146(16)(a.2), at or before the particular time, to a FHSA under which the individual is the holder; D is the lesser of (i) $8,000 plus an amount that would have been the individual’s FHSA carryforward for the taxation year if each amount that was included in that individual’s income under sub