Versions of s. 204.2(1.2)

For the purposes of subsection 204.2(1.1) and the description of K in paragraph 204.2(1.3)(a), the amount of undeducted RRSP premiums of an individual at any time in a taxation year is the amount determined by the formula H + I - J where H is for taxation years ending before 1992, nil, and for taxation years ending after 1991, the amount, if any, by which the amount of the individual’s undeducted RRSP premiums at the end of the immediately preceding taxation year exceeds the total of the amounts deducted under subsections 146(5) and 146(5.1) in computing the individual’s income for the immediately preceding taxation year, to the extent that each amount was deducted in respect of premiums paid under registered retirement savings plans in or before that preceding year, I is the total of all amounts each of which is a premium (within the meaning assigned by subsection 146(1)) paid by the individual in the year and before that time under a registered retirement savings plan under which the individual or the individual’s spouse or common-law partner was the annuitant (within the meaning assigned by subsection 146(1)) at the time the premium was paid, other than an amount paid to the plan in the first 60 days of the year and deducted in computing the individual’s income for the immediately preceding taxation year, an amount paid to the plan in the year and deducted under paragraph 60(j), 60(j.1), 60(j.2) or 60(l) in computing the individual’s income for the year or the immediately preceding taxation year, an amount transferred to the plan on behalf of the individual in accordance with any of subsections 146(16), 147(19), 147.3(1) and (4) to (7) and 147.5(21) or in circumstances to which subsection 146(21) applies, an amount deductible under subsection 146(6.1) in computing the individual’s income for the year or a preceding taxation year, where the individual is a non-resident person, an amount that would, if the individual were resident in Canada throughout the year and the immediately preceding taxation year, be deductible under paragraph 60(j), 60(j.1), 60(j.2) or 60(l) in computing the individual’s income for the year or the immediately preceding taxation year, or an amount paid to the plan in the year that is not deductible in computing the individual’s income for the year because of subparagraph 146(5)(a)(iv.1) or 146(5.1)(a)(iv), a gift made in the year and before that time to a registered retirement savings plan under which the individual is the annuitant (within the meaning assigned by subsection 146(1)), other than a gift made thereto by the individual’s spouse or common-law partner, or an amount contributed in the year and before that time by an employer or former employer of the individual to an account of the individual under a pooled registered pension plan, and J is the amount, if any, by which the total of all amounts each of which is an amount received by the individual in the year and before that time out of or under a pooled registered pension plan, a registered retirement savings plan, a registered retirement income fund or a specified pension plan and included in computing the individual’s income for the year, or an amount included in computing the individual’s income for the year under any of subsections 146.01(4) to (6) and 146.02(4) to (6) exceeds the amount deducted under paragraph 60(l) in computing the individual’s income for the year.

For the purposes of subsection 204.2(1.1) and the description of K in paragraph 204.2(1.3)(a), the amount of undeducted RRSP premiums of an individual at any time in a taxation year is the amount determined by the formula H + I - J where H is for taxation years ending before 1992, nil, and for taxation years ending after 1991, the amount, if any, by which the amount of the individual’s undeducted RRSP premiums at the end of the immediately preceding taxation year exceeds the total of the amounts deducted under subsections 146(5) and 146(5.1) in computing the individual’s income for the immediately preceding taxation year, to the extent that each amount was deducted in respect of premiums paid under registered retirement savings plans in or before that preceding year, I is the total of all amounts each of which is a premium (within the meaning assigned by subsection 146(1)) paid by the individual in the year and before that time under a registered retirement savings plan under which the individual or the individual’s spouse or common-law partner was the annuitant (within the meaning assigned by subsection 146(1)) at the time the premium was paid, other than an amount paid to the plan in the first 60 days of the year and deducted in computing the individual’s income for the immediately preceding taxation year, an amount paid to the plan in the year and deducted under paragraph 60(j), 60(j.1), 60(j.2) or 60(l) in computing the individual’s income for the year or the immediately preceding taxation year, an amount transferred to the plan on behalf of the individual in accordance with any of subsections 146(16), 147(19), 147.3(1) and (4) to (7) and 147.5(21) or in circumstances to which subsection 146(21) applies, an amount deductible under subsection 146(6.1) in computing the individual’s income for the year or a preceding taxation year, where the individual is a non-resident person, an amount that would, if the individual were resident in Canada throughout the year and the immediately preceding taxation year, be deductible under paragraph 60(j), 60(j.1), 60(j.2) or 60(l) in computing the individual’s income for the year or the immediately preceding taxation year, or an amount paid to the plan in the year that is not deductible in computing the individual’s income for the year because of subparagraph 146(5)(a)(iv.1) or 146(5.1)(a)(iv), a gift made in the year and before that time to a registered retirement savings plan under which the individual is the annuitant (within the meaning assigned by subsection 146(1)), other than a gift made thereto by the individual’s spouse or common-law partner, or an amount contributed in the year and before that time by an employer or former employer of the individual to an account of the individual under a pooled registered pension plan, and J is the amount, if any, by which the total of all amounts each of which is an amount (other than the portion of it that reduces the amount on which tax is payable by the individual under subsection 204.1(1)) received by the individual in the year and before that time out of or under a pooled registered pension plan, a registered retirement savings plan, a registered retirement income fund or a specified pension plan and included in computing the individual’s income for the year exceeds the amount deducted under paragraph 60(l) in computing the individual’s income for the year.

For the purposes of subsection 204.2(1.1) and the description of K in paragraph 204.2(1.3)(a), the amount of undeducted RRSP premiums of an individual at any time in a taxation year is the amount determined by the formula H + I - J where H is for taxation years ending before 1992, nil, and for taxation years ending after 1991, the amount, if any, by which the amount of the individual’s undeducted RRSP premiums at the end of the immediately preceding taxation year exceeds the total of the amounts deducted under subsections 146(5) and 146(5.1) in computing the individual’s income for the immediately preceding taxation year, to the extent that each amount was deducted in respect of premiums paid under registered retirement savings plans in or before that preceding year, I is the total of all amounts each of which is a premium (within the meaning assigned by subsection 146(1)) paid by the individual in the year and before that time under a registered retirement savings plan under which the individual or the individual’s spouse or common-law partner was the annuitant (within the meaning assigned by subsection 146(1)) at the time the premium was paid, other than an amount paid to the plan in the first 60 days of the year and deducted in computing the individual’s income for the immediately preceding taxation year, an amount paid to the plan in the year and deducted under paragraph 60(j), 60(j.1), 60(j.2) or 60(l) in computing the individual’s income for the year or the immediately preceding taxation year, an amount transferred to the plan on behalf of the individual in accordance with any of subsections 146(16), 147(19), 147.3(1) and (4) to (7) and 147.5(21) or in circumstances to which subsection 146(21) applies, an amount deductible under subsection 146(6.1) in computing the individual’s income for the year or a preceding taxation year, where the individual is a non-resident person, an amount that would, if the individual were resident in Canada throughout the year and the immediately preceding taxation year, be deductible under paragraph 60(j), 60(j.1), 60(j.2) or 60(l) in computing the individual’s income for the year or the immediately preceding taxation year, or an amount paid to the plan in the year that is not deductible in computing the individual’s income for the year because of subparagraph 146(5)(a)(iv.1) or 146(5.1)(a)(iv), a gift made in the year and before that time to a registered retirement savings plan under which the individual is the annuitant (within the meaning assigned by subsection 146(1)), other than a gift made thereto by the individual’s spouse or common-law partner, or an amount contributed in the year and before that time by an employer or former employer of the individual to an account of the individual under a pooled registered pension plan, and J is the amount, if any, by which the total of all amounts each of which is an amount (other than the portion of it that reduces the amount on which tax is payable by the individual under subsection 204.1(1)) received by the individual in the year and before that time out of or under a pooled registered pension plan, a registered retirement savings plan or a registered retirement income fund and included in computing the individual’s income for the year exceeds the amount deducted under paragraph 60(l) in computing the individual’s income for the year.