Versions of s. 204.2(1.1)(b)

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

the amount determined by the formula A + B + R + C + D + E where A is the individual’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 individual’s earned income (as defined in subsection 146(1)) for the preceding taxation year exceeds the total of all amounts each of which is the individual’s pension adjustment for the preceding taxation year in respect of an employer, or a prescribed amount in respect of the individual for the year, C is, where the individual attained 18 years of age in a preceding taxation year, $2,000, and in any other case, nil, D is the group plan amount in respect of the individual at that time, E is, where the individual attained 18 years of age before 1995, the individual’s transitional amount at that time, and in any other case, nil, and R is the individual’s total pension adjustment reversal for the year.

Full text

the amount determined by the formula A + B + R + C + D + E where A is the individual’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 individual’s earned income (as defined in subsection 146(1)) for the preceding taxation year exceeds the total of all amounts each of which is the individual’s pension adjustment for the preceding taxation year in respect of an employer, or a prescribed amount in respect of the individual for the year, C is, where the individual attained 18 years of age in a preceding taxation year, $2,000, and in any other case, nil, D is the group plan amount in respect of the individual at that time, E is, where the individual attained 18 years of age before 1995, the individual’s transitional amount at that time, and in any other case, nil, and R is the individual’s total pension adjustment reversal for the year.
2012-12-14 to 2017-12-14 View Source

the amount determined by the formula A + B + R + C + D + E where A is the individual’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 individual’s earned income (as defined in subsection 146(1)) for the preceding taxation year exceeds the total of all amounts each of which is the individual’s pension adjustment for the preceding taxation year in respect of an employer, or a prescribed amount in respect of the individual for the year, C is, where the individual attained 18 years of age in a preceding taxation year, $2,000, and in any other case, nil, D is the group ~~RRSP~~plan amount in respect of the individual at that time, E is, where the individual attained 18 years of age before 1995, the individual’s transitional amount at that time, and in any other case, nil, and R is the individual’s total pension adjustment reversal for the year.

Full text

the amount determined by the formula A + B + R + C + D + E where A is the individual’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 individual’s earned income (as defined in subsection 146(1)) for the preceding taxation year exceeds the total of all amounts each of which is the individual’s pension adjustment for the preceding taxation year in respect of an employer, or a prescribed amount in respect of the individual for the year, C is, where the individual attained 18 years of age in a preceding taxation year, $2,000, and in any other case, nil, D is the group plan amount in respect of the individual at that time, E is, where the individual attained 18 years of age before 1995, the individual’s transitional amount at that time, and in any other case, nil, and R is the individual’s total pension adjustment reversal for the year.
2004-08-31 to 2012-12-14 View Source

the amount determined by the formula A + B + R + C + D + E where A is the individual’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 individual’s earned income (as defined in subsection 146(1)) for the preceding taxation year exceeds the total of all amounts each of which is the individual’s pension adjustment for the preceding taxation year in respect of an employer, or a prescribed amount in respect of the individual for the year, C is, where the individual attained 18 years of age in a preceding taxation year, $2,000, and in any other case, nil, D is the group RRSP amount in respect of the individual at that time, E is, where the individual attained 18 years of age before 1995, the individual’s transitional amount at that time, and in any other case, nil, and R is the individual’s total pension adjustment reversal for the year.