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Marginal note:Definitions

• 146.6 (1) The following definitions apply in this section.

  qualifying arrangement

  qualifying arrangement , at a particular time, means an arrangement

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  • (b) that is

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    • (iii) a deposit with an issuer that is

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      • (B) a credit union that is a shareholder or member of a body corporate referred to as a “central” for the purposes of the Canadian Payments Act;

  qualifying withdrawal

  qualifying withdrawal  of an individual means an amount received at a particular time by the individual as a benefit out of or under a FHSA if

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  • (c) the individual entered into an agreement in writing before the particular time for the acquisition or construction of the qualifying home before October 1 of the calendar year following the year in which the amount was received; and

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• (7) Subsection (8) applies to an amount transferred at a particular time from a FHSA (in this subsection referred to as the “transferor FHSA”) if the following conditions are met:

  • (a) the amount is transferred on behalf of an individual who is

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    • (ii) a spouse or common-law partner or former spouse or common-law partner of the holder of the transferor FHSA and who is entitled to the amount under a decree, order or judgment of a competent tribunal, or under a written agreement, relating to a division of property between the holder and the individual, in settlement of rights arising out of, or on a breakdown of, their marriage or common-law partnership, or