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

Regulations are current to 2015-08-30 and last amended on 2015-07-01. Previous Versions

Registered Retirement Savings Plans

  •  (1) Every person who pays an amount that is required by subsection 146(8) of the Act to be included in computing the income of a taxpayer for a taxation year shall make an information return in prescribed form.

  • (2) If, in a taxation year, subsection 146(7), (9) 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 a trust governed by a registered retirement savings plan, the trustee of the plan shall make an information return in prescribed form.

  • (3) Where, in respect of an amended plan referred to in subsection 146(12) of the Act, an amount is required to be included in computing the income of a taxpayer for a taxation year, the issuer of the plan shall make an information return in prescribed form.

  • (4) Where subsection 146(8.8) of the Act deems an amount to be received by an annuitant as a benefit out of or under a registered retirement savings plan and such amount is required by subsection 146(8) of the Act to be included in computing the income of that annuitant for a taxation year, the issuer of the plan shall make an information return in prescribed form.

  • (5) If a payment or transfer of property to which paragraph 146(16)(b) of the Act applies is made from a plan, the issuer of the plan shall make an information return in prescribed form in respect of the payment or transfer.

  • (6) Where an amount may be deducted under subsection 146(8.92) of the Act in computing the income of a deceased annuitant under a registered retirement savings plan, the issuer of the plan shall make an information return in prescribed form in respect of the amount.

  • (7) In this section, “annuitant” and “issuer” have the meanings assigned by subsection 146(1) of the Act.

  • NOTE: Application provisions are not included in the consolidated text;
  • see relevant amending Acts and regulations. SOR/80-502, s. 3;
  • SOR/83-866, s. 5;
  • SOR/88-165, s. 31(F);
  • SOR/92-51, s. 3;
  • SOR/2001-188, s. 2;
  • SOR/2003-5, s. 5;
  • SOR/2005-264, s. 1;
  • 2009, c. 2, s. 86;
  • 2011, c. 24, s. 76.
  •  (1) The issuer of a registered retirement savings plan shall make an information return in prescribed form in respect of the amounts that have been paid by the annuitant, or by the spouse or common-law partner of the annuitant, under the plan in a contribution year

    • (a) as consideration for any contract referred to in paragraph (a) of the definition “retirement savings plan” in subsection 146(1) of the Act to pay a retirement income; or

    • (b) as a contribution or deposit referred to in paragraph (b) of that definition for the purpose stated in that paragraph.

  • (2) For greater certainty and for the purposes of subsection (1), amounts that have been paid do not include amounts that have been paid or transferred under the plan in accordance with subsection 146(16) of the Act, or those that have been transferred under the plan in accordance with any of subsections 146(21), 146.3(14), 147(19) or 147.3(1), (4) or (5) to (7) of the Act.

  • (3) The return shall be filed with the Minister on or before the 1st day of May of the year in which the contribution year ends and shall be in respect of the contribution year.

  • (4) The following definitions apply in this section.

    “contribution year”

    “contribution year” means the period beginning on the 61st day of one year and ending on the 60th day of the following year. (année de contribution)

    “issuer”

    “issuer” has the same meaning as in subsection 146(1) of the Act, with any modifications that the circumstances require. (émetteur)

  • NOTE: Application provisions are not included in the consolidated text;
  • see relevant amending regulations. SOR/2005-123, s. 2.