Income Tax Act — I-3.3 146.1
ividual satisfies, at that time, the condition set out in clause (i)(B) and the total of the payment and all other educational assistance payments made under a registered education savings plan of the promoter to or for the individual in the 13-week period that ends at that time does not exceed $4,000 or any greater amount that the Minister designated for the purpose of the Canada Education Savings Act approves in writing with respect to the individual; (g.2) the plan does not allow for any contribution into the plan, other than a contribution made by or on behalf of a subscriber under the plan in respect of a beneficiary under the plan or a contribution made by way of transfer from another registered education savings plan; (g.3) the plan provides that an individual is permitted to be designated as a beneficiary under the plan, and that a contribution to the plan in respect of an individual who is a beneficiary under the plan is permitted to be made, only if (i) in the case of a designation, the individual’s Social Insurance Number is provided to the promoter before the designation is made and either (A) the individual is resident in Canada when the designation is made, or (B) the designation is made in conjunction with a transfer of property into the plan from another registered education savings plan under which the individual was a beneficiary immediately before the transfer, and (ii) in the case of a contribution, either (A) the individual’s Social Insurance Number is provided to the promoter before the contribution is made and the individual is resident in Canada when the contribution is made, or (B) the contribution is made by way of transfer from another registered education savings plan under which the individual was a beneficiary immediately before the transfer; (h) the plan provides that no contribution (other than a contribution made by way of a transfer from another registered education savings plan) may be made into the plan after (i) in the case of a specified plan, the 35th year following the year in which the plan was entered into, and (ii) in any other case, the 31st year following the year in which the plan was entered into; (i) the plan provides that it must be terminated on or before the last day of (i) in the case of a specified plan, the 40th year following the year in which the plan was entered into, and (ii) in any other case, the 35th year following the year in which the plan was entered into; (i.1) if the plan allows accumulated income payments, the plan provides that it must be terminated before March of the year following the year in which the first such payment is made out of the plan; (i.2) the plan does not allow for the receipt of property by way of direct transfer from another registered education savings plan after the other plan has made any accumulated income payment; (j) if the plan allows more than one beneficiary under the plan at any one time, the plan provides (i) that each of the beneficiaries under the plan is required to be connected to each living subscriber under the plan, or to have been connected to a deceased original subscriber under the plan, by blood relationship or adoption, (ii) that a contribution into the plan in respect of a beneficiary is permitted to be made only if (A) the beneficiary had not attained 31 years of age before the time of the contribution, or (B) the contribution is made by way of transfer from another registered education savings plan that allows more than one beneficiary at any one time, and (iii) that an individual is permitted to become a beneficiary under the plan at any particular time only if (A) the individual had not attained 21 years of age before the particular time, or (B) the individual was, immediately before the particular time, a beneficiary under another registered education savings plan that allows more than one beneficiary at any one time; (k) [Repealed, 2007, c. 29, s. 18] (l) the plan provides that the promoter shall, within 90 days