← Historical versions

Versions of s. 147.1(1), definition “permitted corrective contribution”, para (b)

I-3.3 — Income Tax Act · 1 version · View current text

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

  1. 2023-06-22 to present available View Source

    the amount determined by the formula E − F where E is 150% of the money purchase limit for the calendar year, and F is the total amount previously contributed in respect of the individual under subsection (20) to the provision, or to any other money purchase provision, if a participating employer under the provision or a predecessor employer has been a participating employer in respect of the individual under that other provision; (cotisation corrective permise)