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

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Regulations are current to 2019-07-01 and last amended on 2019-06-25. Previous Versions

PART IIInformation Returns (continued)

Registered Retirement Savings Plans (continued)

  •  (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 Acts and regulations.]
  • SOR/2005-123, s. 2

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 Acts and 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

Patronage Payments

  •  (1) Every person who, within the meaning of section 135 of the Act, makes payments to residents of Canada pursuant to an allocation in proportion to patronage shall make an information return in prescribed form in respect of payments so made.

  • (2) Every person who receives a payment referred to in subsection (1) as nominee or agent for another person resident in Canada shall make an information return in prescribed form in respect of the payment so received.

  • [NOTE: Application provisions are not included in the consolidated text
  • see relevant amending Acts and regulations.]
  • SOR/88-165, s. 31(F)

 [Repealed, SOR/2003-5, s. 8]

  • [NOTE: Application provisions are not included in the consolidated text
  • see relevant amending Acts and regulations.]
  • SOR/2003-5, s. 8

Cash Bonus Payments on Canada Savings Bonds

  •  (1) Every person authorized to redeem Canada Savings Bonds (in this section referred to as the “redemption agent”) who pays an amount in respect of a Canada Savings Bond as a cash bonus that the Government of Canada has undertaken to pay (other than an amount of interest, bonus or principal agreed to be paid at the time of the issue of the bond under the terms of the bond) shall make an information return in prescribed form in respect of such payment.

  • (2) Every redemption agent required by subsection (1) to make an information return shall

    • (a) issue to the payee, at the time the cash bonus is paid, two copies of the portion of the return relating to him; and

    • (b) file the return with the Minister on or before the 15th day of the month following the month in which the cash bonus was paid.

  • [NOTE: Application provisions are not included in the consolidated text
  • see relevant amending Acts and regulations.]
  • SOR/88-165, s. 31(F)

Qualified Investments

[[NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] ]
  •  (1) In this section, reporting person means

    • (a) a mutual fund corporation;

    • (b) an investment corporation;

    • (c) a mutual fund trust;

    • (d) and (e) [Repealed, SOR/2005-264, s. 4]

    • (f) a trust that would be a mutual fund trust if Part XLVIII were read without reference to paragraph 4801(b); or

    • (g) [Repealed, SOR/2005-264, s. 4]

    • (h) a small business investment trust (within the meaning assigned by subsection 5103(1)).

    • (i) [Repealed, SOR/2005-264, s. 4]

  • (2) Where in any taxation year a reporting person (other than a registered investment) claims that a share of its capital stock issued by it, or an interest as a beneficiary under it, is a qualified investment under section 146, 146.1, 146.3, 146.4, 204 or 207.01 of the Act, the reporting person shall, in respect of the year and within 90 days after the end of the year, make an information return in prescribed form.

  • (3) [Repealed, SOR/2005-264, s. 4]

  • [NOTE: Application provisions are not included in the consolidated text
  • see relevant amending Acts and regulations.]
  • SOR/85-160, s. 2
  • SOR/88-165, s. 31(F)
  • SOR/94-686, s. 79(F)
  • SOR/2000-62, s. 1
  • SOR/2001-216, s. 1
  • SOR/2005-264, s. 4
  • 2007, c. 35, s. 125
  • 2009, c. 2, s. 88
  • SOR/2010-93, s. 6(E)
  • 2017, c. 33, s. 83
 
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