8402.01 (1) Where the PAR determined in connection with an individual’s termination from a deferred profit sharing plan is greater than nil, each trustee under the plan shall file with the Minister an information return in prescribed form reporting the PAR
(a) where the termination occurs in the first, second or third quarter of a calendar year, on or before the day that is 60 days after the last day of the quarter in which the termination occurs, and
(b) where the termination occurs in the fourth quarter of a calendar year, before February of the following calendar year,
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(3) Subject to subsection (4), where the PAR determined in connection with an individual’s termination from a benefit provision of a registered pension plan is greater than nil, the administrator of the plan shall file with the Minister an information return in prescribed form reporting the PAR
(a) where the termination occurs in the first, second or third quarter of a calendar year, on or before the day that is 60 days after the last day of the quarter in which the termination occurs; and
(b) where the termination occurs in the fourth quarter of a calendar year, before February of the following calendar year.
(4.1) If a pension adjustment correction under subsection 8304.1(16) is determined for an individual in connection with a distribution from a registered pension plan (other than a pension adjustment correction that is nil), the administrator of the plan shall file with the Minister an information return in prescribed form reporting the pension adjustment correction
(a) if the distribution occurs in the first, second or third quarter of a calendar year, on or before the day that is 60 days after the last day of the quarter in which the distribution occurs; and
(b) if the distribution occurs in the fourth quarter of a calendar year, before February of the following calendar year.
(5) For the purposes of this section,
(a) the first quarter of a calendar year is the period beginning on January 1 and ending on March 31 of the calendar year;
(b) the second quarter of a calendar year is the period beginning on April 1 and ending on June 30 of the calendar year;
(c) the third quarter of a calendar year is the period beginning on July 1 and ending on September 30 of the calendar year; and
(d) the fourth quarter of a calendar year is the period beginning on October 1 and ending on December 31 of the calendar year.
4301 Subject to section 4302, for the purposes of
(a) every provision of the Act that requires interest at a prescribed rate to be paid to the Receiver General, the prescribed rate in effect during any particular quarter is the total of
(i) the rate that is the simple arithmetic mean, expressed as a percentage per year and rounded to the next higher whole percentage where the mean is not a whole percentage, of all amounts each of which is the average equivalent yield, expressed as a percentage per year, of Government of Canada Treasury Bills that mature approximately three months after their date of issue and that are sold at auctions of Government of Canada Treasury Bills during the first month of the quarter preceding the particular quarter, and
(b) every provision of the Act that requires interest at a prescribed rate to be paid or applied on an amount payable by the Minister to a taxpayer, the prescribed rate in effect during any particular quarter is the total of
(i) the rate determined under subparagraph (a)(i) in respect of the particular quarter, and
(b.1) subsection 17.1(1) of the Act, the prescribed rate in effect during any particular quarter is the rate that would be determined under paragraph (a) in respect of the particular quarter if the reference in subparagraph (a)(i) to “the next higher whole percentage where the mean is not a whole percentage” were read as “two decimal points”; and
(c) every other provision of the Act in which reference is made to a prescribed rate of interest or to interest at a prescribed rate, the prescribed rate in effect during any particular quarter is the rate determined under subparagraph (a)(i) in respect of the particular quarter.
4300 For the purposes of this Part, quarter means any of the following periods in a calendar year:
