Income Tax Act — I-3.3 147.5
Definitions 147.5 (1) The following definitions apply in this section. administrator , of a pooled pension plan, means (a) a corporation resident in Canada that is responsible for the administration of the plan and that is authorized under the Pooled Registered Pension Plans Act or a similar law of a province to act as an administrator for one or more pooled pension plans; or (b) an entity designated in respect of the plan under section 21 of the Pooled Registered Pension Plans Act or any provision of a law of a province that is similar to that section. ( administrateur ) designated pooled pension plan , for a calendar year, means a pooled pension plan that, at any time in the year (other than the year in which the plan became registered as a PRPP), meets any of the following conditions: (a) the plan has fewer than 10 participating employers; (b) the fair market value of the property held in connection with the accounts of all members of the plan employed by a particular participating employer exceeds 50% of the fair market value of the property held in connection with the plan; (c) more than 50% of the members of the plan are employed by a particular participating employer; or (d) it is reasonable to conclude that the participation in the plan of one or more participating employers occurs primarily to avoid the application of any of paragraphs (a) to (c). ( régime de pension collectif désigné ) exempt earned income , of a taxpayer for a taxation year, means the total of all amounts each of which is an amount that is (a) not included in the taxpayer’s earned income (as defined in subsection 146(1)) for the year and that would be so included but for paragraph 81(1)(a) as it applies with respect to the Indian Act ; and (b) reported by the taxpayer in prescribed form filed with the Minister by the taxpayer’s filing-due date for the year, or such later date as is acceptable to the Minister, provided that the later date is within three calendar years following the end of the year. ( revenu gagné exonéré ) exempt-income contribution amount , of a taxpayer for a taxation year, means the total of (a) all amounts each of which is a contribution to a PRPP made by the taxpayer for the year that is not deductible in computing the income of the taxpayer because of subsection (32), and (b) the amount, if any, designated under subsection (34) by the taxpayer for the year in prescribed form filed with the Minister by the taxpayer’s filing-due date for the year, or such later date as is acceptable to the Minister, provided that the later date is within three calendar years following the end of the year. ( cotisation provenant du revenu exonéré ) member , of a pooled pension plan, means an individual (other than a trust) who holds an account under the plan. ( participant ) participating employer , in relation to a pooled pension plan for a calendar year, means an employer that, in the year, (a) makes contributions to the plan in respect of all or a class of its employees or former employees; or (b) remits to the administrator of the plan contributions made by members of the plan under a contract with the administrator in respect of all or a class of its employees. ( employeur participant ) pooled pension plan means a plan that is registered under the Pooled Registered Pension Plans Act or a similar law of a province. ( régime de pension collectif ) pooled registered pension plan or PRPP means a pooled pension plan that has been accepted for registration by the Minister for the purposes of this Act, which registration has not been revoked. ( régime de pension agréé collectif ou RPAC ) qualifying annuity , for an individual, means an annuity (other than an advanced life deferred annuity) that (a) is payable to (i) the individual for the individual’s life, or (ii) the individual for the lives, jointly, of the individual and the individual’s spouse or common-law partner and to the survivor of them for the survivor’s life; (b) is payable beginning n