Versions of s. 60.03(1), definition “split pension amount”

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

split-pension amount for a taxation year is the amount elected by a pensioner and a pension transferee in a joint election for the taxation year not exceeding the amount determined by the formula 0.5A × B/C where A is the eligible pension income of the pensioner for the taxation year; B is the number of months in the pensioner’s taxation year at any time during which the pensioner was married to, or was in a common-law partnership with, the pension transferee; and C is the number of months in the pensioner’s taxation year. (montant de pension fractionné)

Full text

split-pension amount for a taxation year is the amount elected by a pensioner and a pension transferee in a joint election for the taxation year not exceeding the amount determined by the formula 0.5A × B/C where A is the eligible pension income of the pensioner for the taxation year; B is the number of months in the pensioner’s taxation year at any time during which the pensioner was married to, or was in a common-law partnership with, the pension transferee; and C is the number of months in the pensioner’s taxation year. (montant de pension fractionné)
2007-06-22 to 2017-12-14 View Source

split-pension amount for a taxation year is the amount elected by a pensioner and a pension transferee in a joint election for the taxation year not exceeding the amount determined by the formula 0.5A × B/C where A is the eligible pension income of the pensioner for the taxation year; B is the number of months in the pensioner’s taxation year at any time during which the pensioner was married to, or was in a common-law partnership with, the pension transferee; and C is the number of months in the pensioner’s taxation year.