Versions of s. 146(1), definition “rrsp deduction limit”

I-3.3 — Income Tax Act · 3 versions · View current text

Historical text comes from the Justice Laws point-in-time corpus and is unofficial — not the official version.

2017-12-14 to present available View Source

RRSP deduction limit of a taxpayer for a taxation year means the amount determined by the formula A + B + R - C where A is the taxpayer’s unused RRSP deduction room at the end of the preceding taxation year, B is the amount, if any, by which the lesser of the RRSP dollar limit for the year and 18% of the taxpayer’s earned income for the preceding taxation year exceeds the total of all amounts each of which is the taxpayer’s pension adjustment for the preceding taxation year in respect of an employer, or a prescribed amount in respect of the taxpayer for the year, C is the taxpayer’s net past service pension adjustment for the year, and R is the taxpayer’s total pension adjustment reversal for the year; (maximum déductible au titre des REER)

Full text

RRSP deduction limit of a taxpayer for a taxation year means the amount determined by the formula A + B + R - C where A is the taxpayer’s unused RRSP deduction room at the end of the preceding taxation year, B is the amount, if any, by which the lesser of the RRSP dollar limit for the year and 18% of the taxpayer’s earned income for the preceding taxation year exceeds the total of all amounts each of which is the taxpayer’s pension adjustment for the preceding taxation year in respect of an employer, or a prescribed amount in respect of the taxpayer for the year, C is the taxpayer’s net past service pension adjustment for the year, and R is the taxpayer’s total pension adjustment reversal for the year; (maximum déductible au titre des REER)
2017-01-01 to 2017-12-14 View Source

RRSP deduction limit of a taxpayer for a taxation year means the amount determined by the formula A + B + R - C where A is the taxpayer’s unused RRSP deduction room at the end of the preceding taxation year, B is the amount, if any, by which the lesser of the RRSP dollar limit for the year and 18% of the taxpayer’s earned income for the preceding taxation year exceeds the total of all amounts each of which is the taxpayer’s pension adjustment for the preceding taxation year in respect of an employer, or a prescribed amount in respect of the taxpayer for the year, C is the taxpayer’s net past service pension adjustment for the year, and R is the taxpayer’s total pension adjustment reversal for the year; (maximum déductible au titre des REER)

Full text

RRSP deduction limit of a taxpayer for a taxation year means the amount determined by the formula A + B + R - C where A is the taxpayer’s unused RRSP deduction room at the end of the preceding taxation year, B is the amount, if any, by which the lesser of the RRSP dollar limit for the year and 18% of the taxpayer’s earned income for the preceding taxation year exceeds the total of all amounts each of which is the taxpayer’s pension adjustment for the preceding taxation year in respect of an employer, or a prescribed amount in respect of the taxpayer for the year, C is the taxpayer’s net past service pension adjustment for the year, and R is the taxpayer’s total pension adjustment reversal for the year; (maximum déductible au titre des REER)
2004-08-31 to 2017-01-01 View Source

RRSP deduction limit of a taxpayer for a taxation year means the amount determined by the formula A + B + R - C where A is the taxpayer’s unused RRSP deduction room at the end of the preceding taxation year, B is the amount, if any, by which the lesser of the RRSP dollar limit for the year and 18% of the taxpayer’s earned income for the preceding taxation year exceeds the total of all amounts each of which is the taxpayer’s pension adjustment for the preceding taxation year in respect of an employer, or a prescribed amount in respect of the taxpayer for the year, C is the taxpayer’s net past service pension adjustment for the year, and R is the taxpayer’s total pension adjustment reversal for the year;