Income Tax Regulations (C.R.C., c. 945)

Regulations are current to 2014-11-25 and last amended on 2014-06-19. Previous Versions

Registered Retirement Income Funds

  •  (1) In this section, “annuitant” and “carrier” have the meanings assigned by subsection 146.3(1) of the Act.

  • (2) Every carrier of a registered retirement income fund who pays out of or under it an amount any portion of which is required under subsection 146.3(5) of the Act to be included in computing the income of a taxpayer shall make an information return in prescribed form in respect of the amount.

  • (3) If subsection 146.3(4), (7) or (10) of the Act or, in relation to a non-qualified investment, subsection 207.04(1) or (4) of the Act applies in respect of any transaction or event with respect to property of a registered retirement income fund, the carrier of the fund shall make an information return in prescribed form in respect of the transaction or event.

  • (4) Where an amount is deemed under subsection 146.3(6) or (12) of the Act to be received by an annuitant out of or under a registered retirement income fund, the carrier of the fund shall make an information return in prescribed form in respect of the amount.

  • (5) If a transfer of an amount to which subsection 146.3(14) of the Act applies is made from a fund, the carrier of the fund shall make an information return in prescribed form in respect of the transfer.

  • (6) Where an amount may be deducted under subsection 146.3(6.3) of the Act in computing the income of a deceased annuitant under a registered retirement income fund, the carrier of the fund shall make an information return in prescribed form in respect of the amount.

  • NOTE: Application provisions are not included in the consolidated text;
  • see relevant amending Acts and regulations. SOR/84-948, s. 1;
  • SOR/84-967, s. 1;
  • SOR/88-165, s. 31(F);
  • SOR/2003-5, s. 6;
  • SOR/2005-264, s. 2;
  • 2009, c. 2, s. 87;
  • 2011, c. 24, s. 77.

 [Repealed, 2011, c. 24, s. 78]

  • NOTE: Application provisions are not included in the consolidated text;
  • see relevant amending Acts and regulations. SOR/81-936, s. 3(F);
  • SOR/86-1092, s. 2;
  • SOR/94-686, s. 81(F);
  • 2011, c. 24, s. 78.

Dispositon of Interest in Annuities and Life Insurance Policies

  •  (1) In this section,

    “disposition”

    “disposition” has the meaning assigned by subsection 148(9) of the Act and includes anything deemed to be a disposition of a life insurance policy under subsection 148(2) of the Act; (disposition)

    “insurer”

    “insurer” has the meaning assigned by paragraph 148(10)(a) of the Act; (assureur)

    “life insurance policy”

    “life insurance policy”[Repealed, SOR/2011-188, s. 4]

  • (2) Where by reason of a disposition of an interest in a life insurance policy an amount is required, pursuant to paragraph 56(1)(j) of the Act, to be included in computing the income of a taxpayer and the insurer that is the issuer of the policy is a party to, or is notified in writing of, the disposition, the insurer shall make an information return in prescribed form in respect of the amount.

  • NOTE: Application provisions are not included in the consolidated text;
  • see relevant amending regulations. SOR/78-449, s. 4;
  • SOR/84-967, s. 2;
  • SOR/88-165, s. 31(F);
  • SOR/2003-5, s. 7;
  • SOR/2010-93, s. 5(F);
  • SOR/2011-188, s. 4.