Versions of s. 204.2(1.5)(b)

I-3.3 — Income Tax Act · 2 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

where the value of L is nil, nil, and in any other case, the amount determined by the formula L - M where L is the amount, if any, by which the amount that would be determined under subsection 204.2(1.2) to be the amount of the individual’s undeducted RRSP premiums at that time if the value of I in that subsection were determined for the 1995 taxation year without including premiums paid after February 26, 1995, the value of I in that subsection were nil for the 1996 and subsequent taxation years, and the value of J in that subsection were determined for the 1995 and subsequent taxation years without including the part, if any, of an amount received by the individual out of or under a registered retirement savings plan or registered retirement income fund that can reasonably be considered to be in respect of premiums paid after February 26, 1995 by the individual under a registered retirement savings plan exceeds the total of all amounts each of which is an amount deducted under subsection 146(5) or 146(5.1) in computing the individual’s income for a preceding taxation year, to the extent that the amount was deducted in respect of premiums paid after that year (other than premiums paid before February 27, 1995), and M is the amount that would be determined by the formula in paragraph 204.2(1.1)(b) in respect of the individual at that time if the values of D and E in that paragraph were nil and section 257 did not apply to that formula.

Full text

where the value of L is nil, nil, and in any other case, the amount determined by the formula L - M where L is the amount, if any, by which the amount that would be determined under subsection 204.2(1.2) to be the amount of the individual’s undeducted RRSP premiums at that time if the value of I in that subsection were determined for the 1995 taxation year without including premiums paid after February 26, 1995, the value of I in that subsection were nil for the 1996 and subsequent taxation years, and the value of J in that subsection were determined for the 1995 and subsequent taxation years without including the part, if any, of an amount received by the individual out of or under a registered retirement savings plan or registered retirement income fund that can reasonably be considered to be in respect of premiums paid after February 26, 1995 by the individual under a registered retirement savings plan exceeds the total of all amounts each of which is an amount deducted under subsection 146(5) or 146(5.1) in computing the individual’s income for a preceding taxation year, to the extent that the amount was deducted in respect of premiums paid after that year (other than premiums paid before February 27, 1995), and M is the amount that would be determined by the formula in paragraph 204.2(1.1)(b) in respect of the individual at that time if the values of D and E in that paragraph were nil and section 257 did not apply to that formula.
2004-08-31 to 2017-12-14 View Source

where the value of L is nil, nil, and in any other case, the amount determined by the formula L - M where L is the amount, if any, by which the amount that would be determined under subsection 204.2(1.2) to be the amount of the individual’s undeducted RRSP premiums at that time if the value of I in that subsection were determined for the 1995 taxation year without including premiums paid after February 26, 1995, the value of I in that subsection were nil for the 1996 and subsequent taxation years, and the value of J in that subsection were determined for the 1995 and subsequent taxation years without including the part, if any, of an amount received by the individual out of or under a registered retirement savings plan or registered retirement income fund that can reasonably be considered to be in respect of premiums paid after February 26, 1995 by the individual under a registered retirement savings plan exceeds the total of all amounts each of which is an amount deducted under subsection 146(5) or 146(5.1) in computing the individual’s income for a preceding taxation year, to the extent that the amount was deducted in respect of premiums paid after that year (other than premiums paid before February 27, 1995), and M is the amount that would be determined by the formula in paragraph 204.2(1.1)(b) in respect of the individual at that time if the values of D and E in that paragraph were nil and section 257 did not apply to that formula.