Income Tax Act — I-3.3 128
1) where, by reason of paragraph (d), a taxation year of the individual is not a calendar year, (i) paragraph 146(5)(b) shall, for the purpose of the application of subsection 146(5) to the taxation year, be read as follows: “(b) the amount, if any, by which (i) the amount, if any, by which the taxpayer’s RRSP deduction limit for the particular calendar year in which the taxation year ends exceeds the total of all contributions made by an employer in the particular calendar year to a pooled registered pension plan in respect of the taxpayer exceeds (ii) the total of the amounts deducted under this subsection and subsection (5.1) in computing the taxpayer’s income for any preceding taxation year that ends in the particular calendar year.”, and (ii) paragraph 146(5.1)(b) shall, for the purpose of the application of subsection 146(5.1) to the taxation year, be read as follows: “(b) the amount, if any, by which (i) the amount, if any, by which the taxpayer’s RRSP deduction limit for the particular calendar year in which the taxation year ends exceeds the total of all contributions made by an employer in the particular calendar year to a pooled registered pension plan in respect of the taxpayer exceeds (ii) the total of the amount deducted under subsection (5) in computing the taxpayer’s income for the year and the amounts deducted under this subsection and subsection (5) in computing the taxpayer’s income for any preceding taxation year that ends in the particular calendar year.”; (d.2) where, by reason of paragraph 128(2)(d), the individual has two taxation years ending in a calendar year, each amount deducted in computing the individual’s income for either of the taxation years shall be deemed, for the purposes of the definition unused RRSP deduction room in subsection 146(1) and Part X.1, to have been deducted in computing the individual’s income for the calendar year; (d.3) where, by reason of paragraph (d), a taxation year of the individual is not a calendar year, (i) for the purposes of the application of subsection 146.6(1) and the definition excess FHSA amount in subsection 207.01(1) to each taxation year ending in the calendar year, references to “taxation year” are to be read as references to “calendar year”, and (ii) for the purposes of the application of subsection 146.6(5) to each taxation year ending in the calendar year, the description of A in paragraph 146.6(5)(a) is to be read as follows: “A is the total of all amounts each of which is the taxpayer’s annual FHSA limit for the calendar year that includes the taxation year and each preceding calendar year, and” (e) where the individual was a bankrupt at any time in a calendar year the trustee shall, within 90 days from the end of the year, file a return with the Minister, in prescribed form, on behalf of the individual of the individual’s income for any taxation year occurring in the calendar year computed as if (i) the only income of the individual for that taxation year was the income for the year, if any, arising from dealings in the estate of the bankrupt or acts performed in the carrying on of the business of the bankrupt by the trustee, (ii) in computing the individual’s taxable income for that taxation year, no deduction were permitted by Division C, other than (A) an amount under any of paragraphs 110(1)(d) to (d.3) and sections 110.6, 110.61 and 110.62 to the extent that the amount is in respect of an amount included in income under subparagraph (i) for that taxation year, and (B) an amount under section 111 to the extent that the amount was in respect of a loss of the individual for any taxation year that ended before the individual was discharged absolutely from bankruptcy, (iii) in computing the individual’s tax payable under this Part for that taxation year, no deduction were allowed (A) under any of sections 118 to 118.07, 118.2, 118.3, 118.5, 118.8 and 118.9, (B) under section 118.1 with respect to a gift made by the individual on or after the day th