,canada ,cu/oms                       #a
& ,rev5ue ,ag5cy

          ,9t]pret,n ,bullet9
    
,subject3 ,9come ,tax ,act
  ,transf]s ( ,funds ,2t ,regi/]$ ,plans
,numb]3 ,,it-#ebh
,date3 ,febru>y #ba1 #aiig
,ref];e3 ,subsec;ns #ajd7#bg7 & 7#bg.a71
  #adf7#af71 & 7#ba71 & #adg7#aj.a7 &
  7#ai7 to 7#bb71 #adg.c7#a7 to 7#aj71
  7#ab71 7#ac71 & 7#ac.a71 p>agraphs
  #fj7j7 & 7l7 7al1 sec;n #fj.ja2
  subsec;ns #adf.c7#ad71 #adg7#e.a71
  7#aj71 & 7#aj.b71 #adg.a7#h7 & 7#i71 &
  #beb7#d72 p>agraph #ef7#a77a72 &
  subp>agraph #aaj7#a77f77;i7 (! ,9come
  ,tax ,act2 & sec;ns #hcjc & #heag &
  subsec;ns #hcjd7#a7 & #hcjg7#f7 (!
  ,9come ,tax ,regul,ns4 ,al1 ! def9i;ns
  ( 8premium0 & 8regi/]$ retire;t sav+s
  plan0 9 subsec;n #adf7#a71 ! def9i;ns
  ( 8m9imum am.t0 & 8regi/]$ retire;t
  9come fund0 9 subsec;n              #a
               ,,it-#ebh             a#a
  #adf.c7#a71 ! def9i;n ( 8def]r$ pr(it
  %>+ plan0 9 subsec;n #adg7#a71 !
  def9i;n ( 8def9$ b5efit provi.n10
  8m"oy pur*ase provi.n10 & 8s+le am.t0
  9 subsec;n #adg.a7#a71 &! def9i;ns (
  8co/ am.t10 8pa/ s]vice p5.n adju/;t10
  & 8regi/]$ p5.n plan0 9 subsec;n
  #bdh7#a774

  ,9t]pret,n bullet9s 7,,it's7 provide
,rev5ue ,canada's te*nical 9t]pret,ns (
9come tax law4 ,due 6_! te*nical nature1
,,it's >e us$ prim>ily 0de"p;tal /aff1
tax speciali/s1 & o!r 9dividuals :o h an
9t]e/ 9 tax matt]s4 ,= ^? r1d]s :o pref]
a less te*nical explan,n (! law1 !
,de"p;t (f]s o!r public,ns1 s* z tax
guides & pamphlets4
  ,:ile ! ,,it's d n h ! =ce ( law1 !y c
g5],y 2 reli$ ^u z reflect+ ! ,de"p;t's
9t]pret,n (! law 6be appli$ on a 3si/5t
basis 0de"p;tal /aff4 ,9 cases ": an
,,it has n yet be5 revis$ 6reflect
legislative *anges1 r1d]s %d ref]     #b
               ,,it-#ebh             b#a
6! am5d$ legisl,n & xs e6ective date4
,simil>ly1 c\rt deci.ns subsequ5t 6!
date (! ,,it %d 2 3sid]$ :5 det]m9+ !
relevancy (! -;ts 9 ! ,,it4
  ,an 9t]pret,n describ$ 9 an ,,it
applies z (! date ! ,,it is publi%$1
un.s o!rwise specifi$4 ,:5 "! is a *ange
9 a previ\s 9t]pret,n &! *ange is
b5eficial 6taxpay]s1 x is usu,y e6ective
= all future assess;ts & reassess;ts4
,if ! *ange is n fav\ra# 6taxpay]s1 x w
norm,y 2 e6ective =! curr5t & subsequ5t
tax,n ye>s or = transac;ns 5t]$ 96af !
date (! ,,it4
  ,a *ange 9 a de"p;tal 9t]pret,n may al
2 ann\nc$ 9 ! ,9come ,tax ,te*nical
,news4
  ,if y h any -;ts reg>d+ matt]s 4cuss$
9 ? ,,it1 pl1se s5d !m to3




                                      #c
               ,,it-#ebh             c#a
  ,director1 ,busi;s & ,public,ns
    ,divi.n
  ,9come ,tax ,rul+s ,directorate
  ,policy & ,legisl,n ,bran*
  ,rev5ue ,canada
  ,ottawa ,,on ,k#a;,a #j;,l#e
  
  ,9t]pret,n bullet9s c 2 f.d on !
,rev5ue ,canada ,9t]net site at3
_+www.rc.gc.ca_:













                                      #d
                 ,3t5ts              d#a
    
,applic,n
,summ>y
,4cus.n & ,9t]pret,n
  ,transf]s ,f ,,dpsp's
    ,am.ts f ,,dpsp's 7p>agraphs #a-c7
    ,excep;ns 6direct transf] rule =
      ,,dpsp pay;ts 7p>agraph #d7
  ,transf]s ,f ,,rrsp's 7p>agraphs #e-g7
  ,transf]s ,f ,,rrif's 7p>agraphs
    #h1 #i7
  ,transf]s ,f ,,rpp's
    ,g5]al 7p>agraph #aj7
    ,tr1t;t ( transf]r$ am.t 7p>agraph
      #aa7
    ,direct transf] f a m"oy pur*ase
      provi.n ( an ,,rpp 7p>agraphs
      #ab1 #ac7
    ,direct transf] f a def9$ b5efit
      provi.n ( an ,,rpp 7p>agraphs
      #ad-ai7
    ,o!r direct transf]s f an ,,rpp
      7p>agraphs #bj1 #ba7
                                      #e
               ,,it-#ebh             e#a
    ,,rpp am.t is n transf]r$ "u any (
      subsec;ns #adg.c7#a7 to 7#g7
      7p>agraphs #bb1 #bc7
    ,excess ,,rpp transf]s 7p>agraph
      #bd7
    ,deduc;n "u subsec;n #adg.c7#ac.a7
      7p>agraph #be7
  ,o!r ,transf]s
    ,transf] f a non-regi/]$ p5.n plan
      7p>agraphs #bf1 #bg7
    ,d1? ( an 9dividual 7p>agraphs
      #bh-cb7
    ,transf]s ( am.ts "u prescrib$ p5.n
      plans 7p>agraph #cc7
  ,gloss>y
    7a7 ,def]r$ pr(it %>+ plan 7,,dpsp7
    7b7 ,def9$ b5efit provi.n
    7c7 ,m9imum am.t
    7d7 ,m"oy pur*ase provi.n
    7e7 ,pa/ s]vice p5.n adju/;t
      7,,pspa7
    7f7 ,regi/]$ p5.n plan 7,,rpp7
    
                                      #f
               ,,it-#ebh             f#a
    7g7 ,regi/]$ retire;t 9come fund
      7,,rrif7
    7h7 ,regi/]$ retire;t sav+s plan
      7,,rrsp7
--------------------------------------#b
    7i7 ,s+le am.ts
    7j7 ,sp\se
,app5dix

               ,applic,n
    
  ,g5],y1 ? 9t]pret,n bullet9 is
applica# 6#aiia & subsequ5t tax,n ye>s4
  ,proposals ann\nc$ 9 ! ,m>* #f1 #aiif
,f$]al ,budget >e reflect$ 9 ! note
6p>agraph #ae &! def9i;n ( 8regi/]$
retire;t sav+s plan0 9 ! ,gloss>y4 ,!
-;ts 9 ? bullet9 >e n a6ect$ 0any o!r
draft legisl,n rel1s$ 2f ,novemb] #ai1
#aiif4



                                      #g
                ,summ>y              a#b
    
  ,! rules reg>d+ transf]s ( funds
6regi/]$ plans all[ 9dividuals :o >e
5titl$ 6c]ta9 types ( pay;ts 6*oose
6transf] ! pay;ts on a tax-free basis 6a
regi/]$ plan r ?an rcvg x curr5tly & 2+
subject 6tax on x 9 ! ye> rcvd4 ,g5],y1
"! is an exclu.n f 9come =! am.t (
qualify+ pay;ts transf]r$ 0or on 2half (
an 9dividual 6a regi/]$ plan or 6pur*ase
an annu;y or a deduc;n is availa# 6an
9dividual 6(fset an 9come 9clu.n4 ,!
purpose (! rules is 6a3ommodate !
portabil;y ( retire;t sav+s 2t di6]5t
plans & g5],y 65c\rage 9dividuals 6save
= retire;t4
  ,! t]m 8regi/]$ plans0 z x is us$ 9 ?
bullet9 ref]s 6regi/]$ p5.n plans
7,,rpp's71 regi/]$ retire;t sav+s plans
7,,rrsp's71 regi/]$ retire;t 9come funds
7,,rrif's71 & def]r$ pr(it %>+ plans
7,,dpsp's74,? bullet9 4cusses3

                                      #h
               ,,it-#ebh             b#b
  7a7 transf]s ( s+le am.ts f ,,rpp's1
    ,,dpsp's1 & ,,rrsp's 6c]ta9 regi/]$
    plans2
  7b7 transf]s f non-regi/]$ p5.n plans2
  7c7 transf]s f ,,rrif's2 &
  7d7 transf]s ( am.ts 7o!r ?an am.ts t
    >e "p (a s]ies ( p]iodic pay;ts7 "u
    prescrib$ prov9cial p5.n#a plans4
  ,a *>t \tl9+ ! di6]5t types ( transf]s
c 2 f.d at ! 5d ( ? bullet9 9 !
,app5dix4
  ,9=m,n on ! transf] ( retir+ all[.es c
2 f.d 9 ! curr5t v].n ( ,,it-#ccg1
,retir+ ,all[.es4
  ,9=m,n on ! tax 3sequ;es >is+ 2c (!
d1? ( an ,,rrsp annuitant c 2 f.d 9 !
curr5t v].n ( ,9t]pret,n ,bullet9
,,it-#ejj1 ,regi/]$ ,retire;t ,sav+s
,plans--,d1? ( an ,annuitant4




                                      #i
          ,4cus.n & ,9t]pret,n       c#b
    
         ,transf]s ,f ,,dpsp's
    
      ,am.ts f ,,dpsp's 7p>agraphs
                 #a-c7
    
#a4 ,subsec;n #adg7#bj7 provides t an
  am.t transf]r$ f a ,,dpsp 7see
  ,gloss>y7 6an ,,rpp1 an ,,rrsp1 or
  ano!r ,,dpsp 9 a3ord.e ) subsec;n
  #adg7#ai71 is n 9clud$ 9 ! 9come ( any
  taxpay] 2c (! transf] & no taxpay] may
  deduct an am.t 9 respect (! transf]r$
  ,,dpsp am.t4
#b4 ,! direct transf] ( an am.t is 9
  a3ord.e ) subsec;n #adg7#ai7 if !
  transf] is made on 2half ( an
  9dividual f a ,,dpsp 6an ,,rpp1 !
  9dividual's ,,rrsp1 or ano!r ,,dpsp1
  =! 9dividual's b5efit4 ,an am.t is
  transf]r$ 9 a3ord.e ) ? provi.n only
  if x is n "p (a s]ies ( p]iodic
  pay;ts4 ,only am.ts t wd 2 9clud$ 9 !
  9dividual's 9come "u subsec;n      #aj
               ,,it-#ebh             d#b
  #adg7#aj71 if ! am.ts 7 pd directly 6!
  9dividual1 may 2 transf]r$ "u ?
  subsec;n4 ,a transf] may 2 made on
  2half ( an 9dividual only if !
  9dividual was3
    --an employee or =m] employee ( an
      employ] :o "picipat$ 9 ! plan on !
      employee's 2half2 or
    --an 9dividual :o was1 at ! date (
      an employee's d1?1 a sp\se 7see
      ,gloss>y7 (! employee or =m]
      employee1 :o is 5titl$ 6! am.t 2c
      (! d1? (! employee or =m]
      employee4
  ,9 ! case (a transf] 2t ,,dpsp's1
  subsec;n #adg7#ai7 requires t !
  recipi5t ,,dpsp m/ r1sonably 2 expect$
  6h at l1/ five b5efici>ies "?\t !
  cal5d> ye> 9 : ! transf] is made4
#c4 ,an am.t transf]r$ f ! plan1 o!r ?an
  9 a3ord.e ) subsec;n #adg7#ai71 c
  cause a ,,dpsp 62come a revoca# plan
  "u subsec;n #adg7#ba74 ,an excep;n is
  made = am.ts transf]r$ f a         #aa
               ,,it-#ebh             e#b
  ,,dpsp : >e deducti# 0! 9dividual "u
  p>agraph #fj7j71 7j4#b71 or 7k74

  ,if an am.t is transf]r$ "u subsec;n
  #adg7#ai7 on 2half (a plan memb] 9 a
  ye> = : ! limits 9 subsec;n #adg7#e.a7
  >e n satisfi$1 subsec;n #adg7#bb7 w 2
  applica#4 ,9 ^! circum/.es1 ! am.t1 6!
  ext5t t x is deriv$ f am.ts allocat$
  or reallocat$ 6! memb] 9 ! ye> 7or f
  relat$ e>n+s71 is deem$ n 6h be5
  transf]r$ 9 a3ord.e ) subsec;n
  #adg7#ai74 ,! ,m9i/] ( ,n,nal ,rev5ue
  may1 h["e1 exempt all or a por;n ( an
  am.t f ! applic,n ( ? rule4

  ,subsec;n #adg7#bb7 is prim>ily an
  anti-avoid.e rule 6prev5t ! transf] (
  funds f a ,,dpsp 6an ,,rrsp1 ,,rpp1 or
  ano!r ,,dpsp if ! transf] wd o!rwise
  5a# am.ts 6rema9 tax-%elt]$ af !
  limits 9 subsec;n #adg7#e.a7 h be5
  violat$4
                                     #ab
     ,excep;ns 6direct transf] rule   #c
     = ,,dpsp pay;ts 7p>agraph #d7
    
#d4 ,a ,,dpsp pay;t does n h 6be
  directly transf]r$ if3
    --x is a s+le pay;t f ! ,,dpsp
      tru/ee t 9cludes %>es (! capital
      /ock (a corpor,n t 0 an employ] :o
      3tribut$ 6! ,,dpsp1 or %>es (a
      corpor,n ) : ! employ] does n d1l
      at >m's l5g?2 &
    --! b5efici>y has elect$ 6h !
      provi.ns ( subsec;n #adg7#aj.a7
      apply 0fil+ a -plet$ ,=m ,t#bjgh1
      ,elec;n ,"u ,subsec;n #adg7#aj.a7
      9 ,respect (a ,s+le ,pay;t ,rcvd
      ,f a ,def]r$ ,pr(it ,%>+ ,plan1 9
      ! prescrib$ mann]4
    
  ,! excep;n applies if a b5efici>y rcvs
  a ,,dpsp pay;t :ile resid5t 9 ,canada
  :5 ! b5efici>y )draws f ! plan1
  retires f employ;t1 or :5 an employee
  or =m] employee dies4
                                     #ac
               ,,it-#ebh             a#c
  ,m 9=m,n on ? elec;n c 2 f.d 9 !
  curr5t v].n ( ,9t]pret,n ,bullet9
  ,,it-#bha1 ,elec;ns on ,s+le ,pay;ts
  ,f a ,def]r$ ,pr(it-,%>+ ,plan4

         ,transf]s ,f ,,rrsp's
            7p>agraphs #e-g7
    
#e4 ,if a direct transf] ( an am.t is
  made f an 9dividual's unmatur$ ,,rrsp
  7see ,gloss>y7 9 a3ord.e ) subsec;n
  #adf7#af71 ! am.t does n h 6be 9clud$
  9 ! 9come (! 9dividual or !
  9dividual's sp\se 7see ,gloss>y7 or
  =m] sp\se4 ,9 a4i;n1 no deduc;n c 2
  made "u subsec;n #adf7#e71 7#e.a71
  7#h.b71 or sec;ns #h or #fj 9
  calculat+ any 9dividual's 9come =!
  am.t (! transf]4 ,! am.t (a transf]
  made 6an ,,rrsp "u subsec;n #adf7#af7
  is deem$ n 6be an ,,rrsp 3tribu;n =!
  purposes ( subsec;n #adf7#h.b7 7!
  deduc;n =! )drawal ( undeduct$ ,,rrsp
  3tribu;ns f an ,,rrsp74            #ad
               ,,it-#ebh             b#c
  ,9 ord] =! direct transf] 6be made on
  a tax-free basis1 "u p>agraph
  #adf7#af77a71 x has 6be made f an
  9dividual's unmatur$ ,,rrsp to3
    --ano!r ,,rrsp "u : ! 9dividual is !
      annuitant2
    --a ,,rrif "u : ! 9dividual is !
      annuitant2 or
    --an ,,rpp =! b5efit (! 9dividual4
  ,a direct transf] ( an am.t is made on
  a tax-free basis 9 a3ord.e ) p>agraph
  #adf7#af77b71 if x is made f an
  9dividual's unmatur$ ,,rrsp 6an ,,rrsp
  or ,,rrif (! 9dividual's sp\se or =m]
  sp\se1 provid$ ! 9dividual & 8 or h]
  sp\se or =m] sp\se >e liv+ sep>ate &
  a"p &! transf] is made "u a decree1
  ord] or judg;t (a -pet5t tribunal1 or
  a writt5 sep>,n agree;t1 relat+ 6a
  divi.n ( prop]ty 9 settle;t ( "rs >is+
  \ (1 or on ! br1kd[n (1 _! m>riage4
  ,subsec;ns #bad7#e7 & 7#f7 (!
  ,regul,ns require t if s* a transf] is
  made "u subsec;n #adf7#af7 6!      #ae
               ,,it-#ebh             c#c
  ,,rrsp (! 9dividual's sp\se or =m]
  sp\se1 or 6an ,,rrsp ( an 9dividual :o
  is "py 6a void or voida# m>riage1 !
  issu]s (! 9dividual's & recipi5t's
  plans &! 9dividual & recipi5t h
  6-plete ,=m ,t#bbbj1 ,transf] ,f an
  ,,rrsp or a ,,rrif 6,ano!r ,,rrsp or
  ,,rrif on ,m>riage ,br1kd[n4 ,! issu]
  (! ,,rrsp f : ! pay;t or transf] 0
  made has 6file ! -plet$ ,=m ,t#bbbj
  al;g )a copy (! agree;t )! ,m9i/] (
  ,n,nal ,rev5ue )9 #cj "ds (! transf]4
#f4 ,a transf] ( an am.t on a tax-free
  basis af ! matur;y ( an ,,rrsp is n
  p]mitt$ "u subsec;n #adf7#af74 ,?
  applies af ! #aihi tax,n ye> except t
  x does n apply ) respect 6transf]s (
  retire;t 9come 6an ,,rrsp or ,,rrif (
  an annuitant's sp\se ": ! annuitant's
  ,,rrsp 0 am5d$ 2f #aiij 6provide =!
  transf]4
#g4 ,af matur;y ( an ,,rrsp1 ! am.t ( an
  ,,rrsp -mut,n pay;t t is directly
  transf]r$ has 6be 9clud$ 9 !       #af
               ,,it-#ebh             d#c
  9dividual's 9come =! ye> "u p>agraph
  #ef7#a77h7 & c 2 deduct$ "u p>agraph
  #fj7l74 ,6qualify =! deduc;n "u
  p>agraph #fj7l71 an 9dividual has 6h
  an ,,rrsp -mut,n pay;t directly
  transf]r$ 6ano!r (! 9dividual's
  ,,rrsp's1 6! 9dividual's ,,rrif1 or
  6buy an annu;y 7z describ$ 9
  subp>agraph #fj7l77;ii77 =! 9dividual4
  ,an ,,rrsp -mut,n pay;t is a -mut,n
  7full or "pial7 ( retire;t 9come "u a
  matur$ ,,rrsp4

         ,transf]s ,f ,,rrif's
            7p>agraphs #h-i7
    
#h4 ,if an am.t is transf]r$ f an
  9dividual's ,,rrif 7see ,gloss>y7 9
  a3ord.e ) subsec;n #adf.c7#ad71 x is
  deem$ n 6h be5 rcvd 0! 9dividual & is1
  "!=e1 n 9clud$ 9 8 or h] 9come 2c (!
  transf]4 ,9 ord] =! direct transf]
  6-ply ) ? provi.n1 ! transf] has 6be
  made f an 9dividual's ,,rrif to3   #ag
               ,,it-#ebh             e#c
    --ano!r ,,rrif "u : ! 9dividual is !
      annuitant2 or
    --an ,,rrsp or a ,,rrif (!
      9dividual's sp\se 7see ,gloss>y7
      or =m] sp\se "u a decree1 ord] or
      judg;t (a -pet5t tribunal1 or "u a
      writt5 sep>,n agree;t1 relat+ 6a
      divi.n ( prop]ty 2t ! 9dividual &!
      9dividual's sp\se or =m] sp\se 9
      settle;t ( "rs >is+ \ ( or on !
      br1kd[n ( _! m>riage4
  ,at ! direc;n (! annuitant1 ! c>ri] c
  transf] all or "p (! prop]ty held 9 !
  ,,rrif 6ano!r ,,rrif ) ano!r c>ri]1
  exclud+ an am.t equal 6! less] (!
  m9imum am.t "u ! fund t is requir$ 6be
  pd 6! annuitant =! ye> 9 : ! transf]
  is made &! fair m>ket value (! prop]ty
  9 ! fund4 ,=m ,t#bjcc1 ..,direct
  ,transf] ,"u ,p>agraph #adf7#af77a7 or
  .#adf.c7#b77e71 has 6be us$ 0! ,,rrif
  annuitant 69/ruct 8 or h] ,,rrif c>ri]
  6make ! direct transf] 6ano!r (!
                                     #ah
               ,,it-#ebh             f#c
  9dividual's ,,rrif's4 ,=m ,t#bbbj may
  2 us$ =!
--------------------------------------#d
  direct transf] f ! 9dividual's ,,rrif
  6an ,,rrsp or a ,,rrif (! 9dividual's
  sp\se or =m] sp\se4

  ,no ,t#d;,,rif 9=m,n slip is issu$ 6!
  ,,rrif annuitant =a transf] "u
  p>agraph #adf.c7#ad77a7 or 7b74
#i4 ,a ,,rrif annuitant c h an excess
  am.t 7i4e41 an am.t 9 excess (! m9imum
  am.t requir$ 6be pd =! ye> f ! fund7 f
  8 or h] ,,rrif directly transf]r$ to3
    --ano!r ,,rrif "u : ! 9dividual is !
      annuitant2
    --an ,,rrsp "u : ! 9dividual is !
      annuitant2 or
    --an annu;y z describ$ 9 subp>agraph
      #fj7l77;ii7 =! 9dividual4
  ,! am.t transf]r$ f ! 9dividual's
  ,,rrif has 6be 9clud$ 9 ! 9come (!
  9dividual =! ye> ( receipt "u subsec;n
  #adf.c7#e7 & p>agraph              #ai
               ,,it-#ebh             a#d
  #ef7#a77t74 ,a deduc;n is availa# 6!
  9dividual "u p>agraph #fj7l7 =! ,,rrif
  am.t transf]r$ : is 9 excess (! m9imum
  am.t 7see ,gloss>y7 =! ye> f !
  9dividual's ,,rrif4 ,=m ,t#bjcj1
  ,direct ,transf] ,"u ,subp>agraph
  #fj7l77;v71 c 2 us$ 0! ,,rrif
  annuitant 69/ruct 8 or h] ,,rrif c>ri]
  6make ! direct transf]4

          ,transf]s ,f ,,rpp's
    
         ,g5]al 7p>agraph #aj7
    
#aj4 ,! transf] ( s+le am.ts f ,,rpp's
  7see ,gloss>y7 is gov]n$ 0! direct
  transf] rules "u sec;n #adg.c 7see
  p>agraphs #aa 6#ba 2l74 ,^! rules
  require ! funds 6be transf]r$ directly
  6! new plan4 ,! transf] is norm,y d"o
  0! plan adm9i/rator "? ! use ( ,=m
  ,t#baea1 ,direct ,transf] (a ,s+le
  ,am.t ,"u ,subsec;n #adg7#ai7 or
  ,sec;n #adg.c1 : is availa# at     #bj
               ,,it-#ebh             b#d
  all ,rev5ue ,canada tax s]vices
  (fices4 ,! transf] ( s+le am.ts on a
  tax-free basis is p]mitt$ ei 2f or af
  retire;t b5efits h />t$ 6be pd &
  a3ommodates ! portabil;y ( retire;t
  sav+s 2t di6]5t plans4

  ,transf]s 2t provi.ns (! same ,,rpp >e
  subject 6! limits 9 sec;n #adg.c1 z if
  ! am.ts >e transf]r$ f "o ,,rpp
  6ano!r4

        ,tr1t;t ( transf]r$ am.t
             7p>agraph #aa7
    
#aa4 ,if an ,,rpp am.t is transf]r$ 9
  a3ord.e ) any ( subsec;ns #adg.c7#a7
  to 7#h7 7see p>agraphs #ab-ba 2l71
  subsec;n #adg.c7#i7 provides t ! am.t
  is n 9clud$ 9 calculat+ ! 9dividual's
  9come "u subp>agraph #ef7#a77a77;i7 2c
  (! transf]4 ,9 a4i;n1 an 9dividual _c
  claim any deduc;n =! am.t (! transf]4
                                     #ba
        ,direct transf] f a m"oy     c#d
       pur*ase provi.n ( an ,,rpp
           7p>agraphs #ab-ac7
    
#ab4 ,an am.t is transf]r$ 9 a3ord.e )
  subsec;n #adg.c7#a7 if x is a direct
  transf] (a s+le am.t f a m"oy pur*ase
  provi.n 7see ,gloss>y7 ( an ,,rpp1 9
  full or "pial satisfac;n ( an
  9dividual's "rs "u ! transf]or plan1
  to3
    --a m"oy pur*ase provi.n ( ano!r
      ,,rpp (! 9dividual2
    --! 9dividual's ,,rrsp2 or
    --! 9dividual's ,,rrif4
  ,"! is no limit on ! am.t t may 2
  transf]r$ on a tax-free basis 2t
  regi/]$ plans "u subsec;n #adg.c7#a74
#ac4 ,an am.t is transf]r$ 9 a3ord.e )
  subsec;n #adg.c7#b7 if x is a direct
  transf] (a s+le am.t f a m"oy pur*ase
  provi.n ( an ,,rpp 6a def9$ b5efit
  provi.n 7see ,gloss>y7 ( ano!r ,,rpp
  6fund b5efits 6be provid$ 6! 9dividual
  "u a def9$ b5efit provi.n ( t      #bb
               ,,it-#ebh             d#d
  plan4 ,! transf] has 6be made on 2half
  (a memb] 9 full or "pial satisfac;n (!
  memb]'s 5title;t 6b5efits "u a m"oy
  pur*ase provi.n (! ,,rpp4 ,? type (
  transf] w (t5 2 made 6fund b5efits =
  pa/ s]vice &1 "!=e1 ! process may
  9volve an applic,n1 us+ ,=m ,t#ajjd1
  ,apply+ =! ,c]tific,n (a ,provi.nal
  ,,pspa1 0! plan adm9i/rator 6! ,m9i/]
  ( ,n,nal ,rev5ue = c]tific,n (! pa/
  s]vice p5.n adju/;t 7,,pspa7 7see
  ,gloss>y7 associat$ )! b5efits1 z
  provid$ "u subsec;n #hcjg7#a7 (!
  ,9come ,tax ,regul,ns4

       ,direct transf] f a def9$
       b5efit provi.n ( an ,,rpp
           7p>agraphs #ad-ai7
    
#ad4 ,a s+le am.t 79clud+ an actu>ial
  surplus7 is transf]r$ 9 a3ord.e )
  subsec;n #adg.c7#c7 if x is f a def9$
  b5efit provi.n ( an ,,rpp 6a def9$
  b5efit provi.n ( ano!r ,,rpp4      #bc
               ,,it-#ebh             e#d
  ,transf]s ( ? type ne$ n 2 on 2half (
  any "o 9dividual4 ,! transf]1 h["e1 m/
  2 z a 3sequ;e ( b5efits 2com+ provid$
  "u ! recipi5t plan 6"o or m 9dividuals
  :o 7 memb]s (! transf]or plan4 ,:5 an
  9dividual gives up def9$ b5efits "u "o
  plan 9 ex*ange = def9$ b5efits "u
  ano!r1 a ,,pspa c]tific,n w g5],y 2
  requir$ 9 respect (! pa/ s]vice
  b5efits provid$ "u ! new plan4 ,9 ?
  reg>d1 ! plan adm9i/rator submits an
  applic,n = c]tific,n 6! ,m9i/] (
  ,n,nal ,rev5ue1 z describ$ 9 p>agraph
  #ac abv4 ,"o (! excep;ns 6? require;t
  is ": ! b5efits >e id5tical "u bo?
  plans4
#ae4 ,! direct transf] ( an am.t 7n
  exce$+ an am.t z prescrib$ 0sec;n
  #heag (! ,9come ,tax ,regul,ns7 is 9
  a3ord.e ) subsec;n #adg.c7#d7 if x is
  ! transf] (a s+le am.t f a def9$
  b5efit provi.n ( an ,,rpp to3
    --a m"oy pur*ase provi.n ( ano!r
      ,,rpp2                         #bd
               ,,it-#ebh             f#d
    --! 9dividual's ,,rrsp2 or
    --! 9dividual's ,,rrif4
  ,! am.t has 6be transf]r$ on 2half (
  an 9dividual 9 full or "pial
  satisfac;n (! b5efits 6: ! 9dividual
  is 5titl$1 ei absolutely or 3t+5tly1
  "u a def9$ b5efit provi.n ( an ,,rpp4
  ,if1 = example1
--------------------------------------#e
  def9$ b5efits >e -mut$ &! -mut,n pay;t
  is made up ( two s+le am.ts1 a s+le
  am.t c 2 transf]r$ 6an ,,rrsp &a s+le
  am.t c 2 transf]r$ 6a m"oy pur*ase
  provi.n ( ano!r ,,rpp2 h["e1 ! total
  (! two transf]s wd 2 subject 6! limits
  9 subsec;n #adg.c7#d7 9 respect (!
  memb] (! ,,rpp4

  ,! transf] "u subsec;n #adg.c7#d7 does
  n 9clude ! transf] (a memb]'s %>e ( an
  actu>ial surplus 6ano!r plan4 ,h["e1 a
  transf] ( actu>ial surplus "u subsec;n
  #adg.c7#h7 7see p>agraph #ai 2l7 c
  take place 9 3junc;n )a transf]    #be
               ,,it-#ebh             a#e
  "u subsec;n #adg.c7#d74 ,a limit is
  impos$ 0sec;n #heag (! ,regul,ns :1 9
  g5]al t]ms1 e/abli%es a limit equal 6!
  life"t retire;t b5efits -mut$ z a
  result (! transf] multipli$ 0a pres5t
  value factor4 ,! pres5t value factor
  6be us$1 z \tl9$ 9 ! descrip;n ( ;,b 9
  subsec;n #heag7#a71 v>ies ac 6! age (!
  9dividual on ^: 2half ! transf] is 2+
  made1 at ! "t (! transf]4 ,=
  9dividuals :o >e ov] #ga1 ! pres5t
  value factor is z]o4 ,z a result1 no
  "o ov] ! age ( #ga c def] tax on a
  lump sum -mut,n pay;t f a def9$ b5efit
  provi.n 0transf]r+ x 6a ,,rrif1 ,,rrsp
  or 6any o!r type ( regi/]$ retire;t
  plan4

,note3
  ,z ann\nc$ 0! ,m9i/] ( ,f9.e 9 ! ,m>*
  #f1 #aiif ,f$]al ,budget1 af #aiie1 !
  transf] ( am.ts f a def9$ b5efit ,,rpp
  6a ,,rrif af 9dividuals atta9 #gb w 2
  p]mitt$4 ,g5],y1 ! am.t : c 2      #bf
               ,,it-#ebh             b#e
  transf]r$ w 2 limit$ 6! am.t ( annual
  p5.n giv5 up "u ! ,,rpp z a result (!
  transf] multipli$ 0a prescrib$ factor
  6be set \ 9 ! ta# 9 sec;n #heag (!
  ,regul,ns4

#af4 ,if an 9dividual is 5titl$ 6rcv an
  am.t "u a def9$ b5efit provi.n ( an
  ,,rpp &! am.t 3/itutes a refund ( pre-
  #aiia employee 3tribu;ns 7) associat$
  9t]e/71 ! direct transf] (! s+le am.t
  f ! ,,rpp is 9 a3ord.e ) subsec;n
  #adg.c7#f7 if x is made to3
    --ano!r ,,rpp =! b5efit (!
      9dividual2
    --! 9dividual's ,,rrsp2 or
    --! 9dividual's ,,rrif4
#ag4 ,! am.t ( b5efit 5title;t "u a
  def9$ b5efit provi.n : may 2 transf]r$
  on a tax-free basis 6! memb]'s ,,rrsp1
  ,,rrif1 or a m"oy pur*ase provi.n (
  ano!r ,,rpp =! b5efit (! memb]1 _c
  exce$ ! sum (! am.ts p]mitt$ "u
  subsec;ns #adg.c7#d7 & 7#f74       #bg
               ,,it-#ebh             c#e
#ah4 ,a direct transf] ( actu>ial
  surplus "u a def9$ b5efit provi.n ( an
  ,,rpp c 2 made on a tax-free basis 6a
  m"oy pur*ase provi.n ( ano!r ,,rpp "u
  subsec;n #adg.c7#d.a74 ,! actu>ial
  surplus has 6be allocat$ & cr$it$ 6"o
  or m plan memb]s "u ! m"oy pur*ase
  provi.n ( t plan4
#ai4 ,if a m"oy pur*ase provi.n ( an
  ,,rpp is replac+ a def9$ b5efit
  provi.n ( an ,,rpp1 & c]ta9 3di;ns >e
  met1 ! transf] (! prop]ty f ! def9$
  b5efit provi.n is 9 a3ord.e ) subsec;n
  #adg.c7#h7 if x is a s+le am.t 79clud+
  any surplus transf]r$ f a def9$ b5efit
  provi.n ( an ,,rpp 6a m"oy pur*ase
  provi.n7 directly transf]r$ 6a m"oy
  pur*ase provi.n ( ano!r ,,rpp4 ,!
  transf]r$ am.t m/ 2 us$ 6satisfy
  employ] oblig,ns 6make 3tribu;ns "u !
  m"oy pur*ase provi.n4 ,9 a4i;n1 ! s+le
  am.t has 6be transf]r$ 9 3junc;n )!
  transf] ( am.ts on 2half ( all or a
  significant numb] (! memb]s (!     #bh
               ,,it-#ebh             d#e
  def9$ b5efit plan & has 6be approv$ 9
  writ+ 0! ,m9i/] ( ,n,nal ,rev5ue4

       ,o!r direct transf]s f an
        ,,rpp 7p>agraphs #bj-ba7
    
#bj4 ,an am.t f an ,,rpp is transf]r$ 9
  a3ord.e ) subsec;n #adg.c7#e7 if a
  s+le am.t is directly transf]r$ on
  2half ( an 9dividual :o is a sp\se
  7see ,gloss>y7 or =m] sp\se (a memb]
  (! plan4 ,! s+le am.t f an ,,rpp has
  6be directly transf]r$ to3
    --ano!r ,,rpp =! b5efit (! memb]'s
      sp\se or =m] sp\se2
    --! sp\se's or =m] sp\se's ,,rrsp2
      or
    --! sp\se's or =m] sp\se's ,,rrif4
  ,h["e1 6qualify = ? transf] on a tax-
  free basis1 ! sp\se or =m] sp\se m/ 2
  5titl$ 6! s+le am.t f ! ,,rpp pursuant
  6a decree1 ord] or judge;t (a -pet5t
  tribunal1 or "u a writt5 agree;t1
  relat+ 6a divi.n ( prop]ty 2t !    #bi
               ,,it-#ebh             e#e
  memb] &! sp\se or =m] sp\se 9 settle;t
  ( "rs >is+ \ ( or on a br1kd[n ( _!
  m>riage4
#ba4 ,an am.t 7exclud+ any actu>ial
  surplus7 paya# f an ,,rpp 6! sp\se
  7see ,gloss>y7 or =m] sp\se (a memb]
  (! plan z a 3sequ;e (! memb]'s d1?1 is
  transf]r$ 9 a3ord.e ) subsec;n
  #adg.c7#g7 if x is a s+le am.t
  directly transf]r$ to3
    --ano!r ,,rpp =! b5efit (! sp\se or
      =m] sp\se2
    --! surviv+ sp\se's or =m] sp\se's
      ,,rrsp2 or
    --! surviv+ sp\se's or =m] sp\se's
      ,,rrif4

      ,,rpp am.t is n transf]r$ "u
     any ( subsec;ns #adg.c7#a7 to
        7#g7 7p>agraphs #bb-bc7
    
#bb4 ,if an ,,rpp am.t is transf]r$ on
  2half ( an 9dividual 6an ,,rpp1
  ,,rrsp1 or a ,,rrif1 b ! am.t is   #cj
               ,,it-#ebh             f#e
  n transf]r$ 9 a3ord.e ) any (
  subsec;ns #adg.c7#a7 to 7#g71 !n
  subsec;n #adg.c7#aj7 provides t3
  7a7 ! am.t is deem$ 6be pd 6!
    9dividual2 &
  7b7 9 ! case (a transf] 6a ,,rrif1 !
    9dividual is deem$ 6h pd ! am.t z a
    premium 6! 9dividual's ,,rrsp =
    purposes (! ,,rrsp deduc;n 9
    subsec;n #adf7#e7 &! ,"p ,x4#a tax
    7tax 9 respect ( ov]contribu;ns 6an
    ,,rrsp71 o!rwise !
--------------------------------------#f
    9dividual is deem$ 6h pd ! am.t z a
    3tribu;n 6! 9dividual's ,,rpp1 or a
    premium 6! 9dividual's ,,rrsp1 z !
    case may be4
  ,a 8premium10 z def9$ "u subsec;n
  #adf7#a71 9cludes any p]iodic or o!r
  am.t pd or paya# "u an ,,rrsp z a
  3tribu;n4
#bc4 ,an am.t transf]r$ f an ,,rpp
  6ano!r ,,rpp1 an ,,rrsp1 or a ,,rrif1
  o!r ?an 9 a3ord.e ) any (          #ca
               ,,it-#ebh             a#f
  subsec;ns #adg.c7#a7 to 7#h71 w cause
  an ,,rpp 62come a revoca# plan "u
  subsec;n #adg.c7#ab74 ,an excep;n 6?
  rule is made if ! am.t is transf]r$ on
  2half ( an 9dividual &3
    --! am.t is deducti# "u p>agraph
      #fj7j7 or 7j4#b7 0! 9dividual2 or
    --! pay;t (! am.t 6! 9dividual is n
      all[$ "u ! ,p5.n ,b5efits ,/&>ds
      ,act1 #aihe1 or a simil> prov9cial
      law4
  ,nei subsec;n #adg.c7#ab7 nor !
  excep;n >e relevant 9 ! situ,n ": !
  am.t is us$ 6pur*ase an annu;y =a m9or
  * or gr&*ild pursuant 6p>agraph
  #fj7l74 ,p>agraph #fj7j4#b7 applies
  only = tax,n ye>s 5d+ af #aihh & 2f
  #aiie4

         ,excess ,,rpp transf]s
             7p>agraph #bd7
    
#bd4 ,if an am.t is transf]r$ "u a m"oy
  pur*ase provi.n ( an ,,rpp "u ei   #cb
               ,,it-#ebh             b#f
  subsec;n #adg.c7#a7 or #adg.c7#b7 on
  2half (a plan memb] 9 a ye> = : ! p5.n
  adju/;t limits 9 subsec;n #adg.a7#h7
  or 7#i7 >e n satisfi$ = t "picul>
  memb]1 subsec;n #adg.c7#ac7 w 2
  applica#4 ,if ! p5.n adju/;t limits 9
  subsec;ns #adg.a7#h7 or 7#i7 h be5
  violat$1 ! regi/r,n ( an ,,rpp may 2
  revok$ z (! 5d (! ye> 6: ^! limits
  apply4 ,9 ^! circum/.es1 ! am.t1 6!
  ext5t t x is deriv$ f am.ts allocat$
  or reallocat$ 6! memb] 9 ! ye> 7or f
  relat$ e>n+s71 is deem$ n 6h be5
  transf]r$ 9 a3ord.e ) subsec;n
  #adg.c7#a7 or 7#b74 ,! ,m9i/] ( ,n,nal
  ,rev5ue may1 h["e1 exempt all or a
  por;n ( an am.t f ! applic,n ( ? rule4

  ,? subsec;n is prim>ily an anti-
  avoid.e rule 6prev5t ! transf] ( funds
  f a m"oy pur*ase provi.n ( an ,,rpp
  6an ,,rrsp1 ,,rrif1 or ano!r ,,rpp :5
  ! transf] wd o!rwise 5a# am.ts 6rema9
  tax-%elt]$ af ! p5.n adju/;t       #cc
               ,,it-#ebh             c#f
  limits 9 subsec;n #adg.a7#h7 or 7#i7 h
  be5 violat$4

          ,deduc;n "u subsec;n
      #adg.c7#ac.a7 7p>agraph #be7
    
#be4 ,z expla9$ 9 p>agraph #bb abv1 "u
  subsec;n #adg.c7#aj71 if an am.t
  transf]r$ on 2half ( an 9dividual f an
  ,,rpp 6! 9dividual's ,,rrsp or ,,rrif
  does n satisfy ! transf] rules 9
  subsec;n #adg.c7#a7 to 7#g73
    --! 9dividual has 69clude t am.t 9
      9come2 &
    --! 9dividual is deem$ 6h made a
      3tribu;n 6his or h] ,,rrsp equal
      6t am.t =! ye> t ! transf] is
      made4
  ,if an 9dividual does n deduct !
  subsec;n #adg.c7#aj7 deem$ ,,rrsp
  3tribu;ns1 & *ooses 6)draw ^!
  3tribu;ns f ! 9dividual's ,,rrsp or
  ,,rrif1 a deduc;n is availa# "u
  subsec;n #adg.c7#ac.a7 =!          #cd
               ,,it-#ebh             d#f
  )drawal (! excess transf] z l;g z x is
  9clud$ 9 ! 9dividual's 9come4
  ,subsec;n #adg.c7#ac.a7 does n 3ta9 a
  "t limit =! )drawal ( ^! ,,rrsp
  premiums2 h["e1 ,"p ,x4#a tax may
  apply 7see example 2l74 ,subsec;n
  #adf7#h.b71 relat+ 6! deduc;n (!
  )drawal ( excess ,,rrsp premiums1 does
  n apply 9 circum/.es 6: a subsec;n
  #adg.c7#ac.a7 deduc;n is availa# 6!
  9dividual4

  ,! subsec;n #adg.c7#ac.a7 deduc;n is !
  less] (3
  7a7 ! total am.ts 9clud$ 9 9come =!
    ye>1 "u subsec;n #adf7#h71 7#h.c71
    or 7#ab71 or #adf.c7#e71 7#e.a71 or
    7#aa71 exclud+ prescrib$ )drawals
    7see note 2l71 m9us transf]s ( c]ta9
    pay;ts deducti# "u p>agraph #fj7l7 &
    ,,rrsp excess 3tribu;n )drawals
    deducti# "u subsec;n #adf7#h.b7 =!
    ye>2 &
                                     #ce
               ,,it-#ebh             e#f
  7b7 ! total transf]s ( excess am.ts f
    ,,rpp's made 6an 9dividual's
    ,,rrsp's & ,,rrif's t >e deem$ 6be
    ,,rrsp 3tribu;ns "u subsec;n
    #adg.c7#aj7 & 9clud$ 9 ! 9dividual's
    9come =! ye> or a prec$+ ye>1
  .m9us
    ! total am.t deducti# "u subsec;n
    #adg.c7#ac.a7 =a prec$+ ye>1 &! am.t
    9 7b7 abv relat+ 6! transf] ( an
    excess am.t t 0 deduct$ "u subsec;n
    #adf7#e7 =a prec$+ ye>4
  
,note3
  ,at ! "t ? bullet9 0 pr9t$1 !
  8prescrib$ )drawal0 "u subsec;n
  #hcjg7#f7 (! ,regul,ns did n apply =!
  purposes ( subsec;n #adg.c7#ac.a74
  ,h["e1 z 4cuss$ 9 ! ,explanatory
  ,notes 7,s4,c4 #aiic1 c4 #bd 7=m]ly
  ,bill ;,c-#ib771 x is ! 9t5;n (!
  ,de"p;t ( ,f9.e t ! prescrib$ )drawal
  ref]r$ 6in subsec;n #adg.c7#ac.a7 is a
  prescrib$ )drawal z describ$ 9     #cf
               ,,it-#ebh             f#f
  subsec;n #hcjg7#f7 (! ,regul,ns1 : is
  an am.t )drawn \ ( an ,,rrsp 6cr1te
  room = pa/ s]vice b5efits "u an ,,rpp4

  ,if ! excess ,,rpp transf] 0 made 6an
  ,,rrsp or a ,,rrif1 ,=m ,t#ajdc1
  ,calculat+ ,yr ,deduc;n 6,(fset ,,rrsp
  or ,,rrif ,9come if an ,excess ,am.t
  ,f an ,,rpp ,has ,be5 ,transf]r$ 6an
  ,,rrsp or a ,,rrif1 c 2 us$ 6calculate
  ! subsec;n #adg.c7#ac.a7 deduc;n4

,example
  ,an 9dividual is a memb] (a def9$
  b5efit ,,rpp & on ,febru>y #g1 #aiif1
  has 4#cj1jjj transf]r$ directly f !
  9dividual's ,,rpp 6! 9dividual's
  ,,rrsp1 ( : only 4#af1jjj 0 transf]r$
  9 a3ord.e ) subsec;n #adg.c7#d74 ,!
  9dividual's #aiif ,,rrsp deduc;n limit
  is
--------------------------------------#g
  4#a1jjj4 ,! 9dividual claim$ a 4#a1jjj
  ,,rrsp deduc;n = #aiif4 ,!         #cg
               ,,it-#ebh             a#g
  9dividual does n h any undeduct$
  ,,rrsp premiums f prior ye>s4

  ,! 4#af1jjj is transf]r$ on a tax-free
  basis4 ,h["e1 ! rema9+ 4#ad1jjj excess
  ,,rpp transf] is deem$ 0subsec;n
  #adg.c7#aj7 6h be5 pd f ! plan 6!
  9dividual & has 6be 9clud$ 9 !
  9dividual's 9come = #aiif4 ,! 4#ad1jjj
  is deem$ 6be an ,,rrsp 3tribu;n made
  6! 9dividual's ,,rrsp4 ,z requir$
  0subsec;n #bjd.a7#b.a71 if at ! 5d (
  any mon? af ,decemb] #aiij1 an
  9dividual has a cumulative excess am.t
  7z def9$ 9 subsec;n #bjd.b7#a.a77 =
  ,,rrsp's1 ! 9dividual has 6pay1 = t
  mon?1 a tax "u ,"p ,x4#a ( #a@3p (!
  cumulative excess am.t4 ,=! #aiif
  tax,n ye>1 6avoid d\# tax,n & 6avoid
  hav+ 6pay ! ,"p ,x4#a tax on 4#aa1jjj
  74#ad1jjj excess m9us 4#b1jjj ?re%old
  am.t 9 p>agraph #bjd.b7#a.a77b7 m9us
  4#a1jjj ,,rrsp deduc;n room equals
  4#aa1jjj71 ! 9dividual )draws      #ch
               ,,it-#ebh             b#g
  4#aa1jjj f ! ,,rrsp on ,m>* #ae1
  #aiif4 ,! subsec;n #adg.c7#ac.a7
  deduc;n = #aiif is .4#aa1jjj1 : is !
  less] (3
  7a7 ! .4#aa1jjj )drawal f ! ,,rrsp
    9clud$ 9 9come "u #adf7#h7 = #aiif2
    &
  7b7 .4#ad1jjj transf]r$ 6an ,,rrsp1
    deem$ 6h be5 pd 6an ,,rrsp & 9clud$
    9 -put+ 9come = #aiif4
  
  ,2g9n+ ,janu>y #aiif1 ! ?re%old am.t 9
  ! =mula 9 p>agraph #bjd.b7#a.a77b7 0
  reduc$ f 4#h1jjj 64#b1jjj4 ,= ,,rrsp
  3tribu;ns made 2f ,febru>y #bg1 #aiie1
  a transi;nal rule applies 65sure t no
  ,"p ,x4#a tax is applica# af #aiie on
  s* 3tribu;ns 2c (! reduc;n 9 ! ?re%old
  am.t f 4#h1jjj 64#b1jjj4 ,= m details
  on ! transi;nal rule1 ref] 6! law4



                                     #ci
             ,o!r ,transf]s          c#g
    
     ,transf] f a non-regi/]$ p5.n
        plan 7p>agraphs #bf-bg7
    
#bf4 ,subp>agraph #fj7j77;i7 all[s a
  deduc;n =a transf] (a sup]annu,n or
  p5.n b5efit 7t is n "p (a s]ies (
  p]iodic pay;ts7 f a non-regi/]$ p5.n
  plan 9 a ye> = s]vices r5d]$ 0an
  9dividual1 or ! 9dividual's sp\se or
  =m] sp\se1 9 a p]iod "?\t : t
  9dividual1 or ! 9dividual's sp\se or
  =m] sp\se 0 n resid5t 9 ,canada4
  ,h["e1 if any "p (! sup]annu,n or p5.n
  b5efit is deduct$ "u subp>agraph
  #aaj7#a77f77;i7 2c x is exempt f tax
  "u a tax 3v5;n or agree;t ) ano!r
  c.try1 t "p _c 2 deduct$ "u p>agraph
  #fj7j7 z a transf] 6! 9dividual's
  ,,rpp or ,,rrsp4 ,6be eligi# =a
  deduc;n "u p>agraph #fj7j7 =! transf]
  (! sup]annu,n or p5.n b5efit 6!
  9dividual's ,,rpp or ,,rrsp1 !
  9dividual has 69clude s* a         #dj
               ,,it-#ebh             d#g
  b5efit 9 9come =! ye> "u subp>agraph
  #ef7#a77a77;i7 &! transf] has 6be made
  =! ye> ! am.t is 9clud$ 9 !
  9dividual's 9come or )9 #fj "ds af !
  5d (! ye>4
#bg4 ,a deduc;n = an am.t 7o!r ?an an
  am.t t is "p (a s]ies ( p]iodic
  pay;ts7 rcvd f a 8=eign retire;t
  >range;t0 7see p>agraph #bh 2l7
  transf]r$ 6an 9dividual's ,,rpp or
  ,,rrsp1 is provid$ "u subp>agraph
  #fj7j77;ii71 z l;g z ! am.t c
  r1sonably 2 3sid]$ 6be deriv$ f
  3tribu;ns made 6! =eign retire;t
  >range;t 0! 9dividual1 or !
  9dividual's sp\se or =m] sp\se4 ,z set
  \ 9 sec;n #fj.ja1 ! am.t _c 9clude any
  sup]annu,n or p5.n b5efits rcvd 0an
  9dividual f a =eign retire;t >range;t
  t c r1sonably 2 3sid]$ 6be deriv$ f
  3tribu;ns made 0a p]son o!r ?an !
  taxpay]1 or ! taxpay]'s sp\se or =m]
  sp\se4 ,9 a4i;n1 ! am.t has 6be 9clud$
  9 ! 9dividual's 9come =! ye> "u    #da
               ,,it-#ebh             e#g
  clause #ef7#a77a77;i77,c4#a7 & wd h
  6be subject 6tax,n 9 ! o!r c.try if !
  9dividual 0 a resid5t ( t o!r c.try4
  ,! transf] (! am.t has 6be made 9 !
  ye> ! am.t is 9clud$ 9 ! 9dividual's
  9come or )9 #fj "ds af ! 5d (! ye>4

     ,d1? ( an 9dividual 7p>agraphs
                #bh-cb7
    
#bh4 ,a b5efici>y (a te/a;t>y tru/1 t 0
  resid5t 9 ,canada "?\t ! ye>1 may 2
  5titl$ 6deduct an 8eligi# am.t10 =!
  purposes ( subp>agraph #fj7j77;ii71 t
  is transf]r$ 6! b5efici>y's ,,rpp or
  ,,rrsp4 ,an 8eligi# am.t0 = purposes (
  subp>agraph #fj7j77;ii71 9 respect (a
  b5efici>y =! ye> is3
    --a p5.n or sup]annu,n b5efit1 or a
      b5efit \ ( or "u a =eign retire;t
      >range;t "u subsec;n #ajd7#bg7
      7see p>agraphs #bi1 #cj1 & #ca
      2l72 &
                                     #db
               ,,it-#ebh             f#g
    --c]ta9 ,,dpsp pay;ts 7o!r ?an
      pay;ts t >e "p (a s]ies ( p]iodic
      pay;ts7 "u subsec;n #ajd7#bg.a7
      7see p>agraph #cb 2l71
  rcvd 0! tru/ & 4tribut$ 6! b5efici>y4
  ,subp>agraph #fj7j77;ii7 provides a
  deduc;n 6! b5efici>y =! am.t ( s* a
  transf] =! ye> if a deduc;n 0 n claim$
  0! b5efici>y = t transf] 9 a prior
  tax,n ye> & if c]ta9 3di;ns >e met4 ,!
  am.t transf]r$ has 6be 9clud$ 9 -put+
  ! 9come (! b5efici>y =! ye> &! transf]
  6! b5efici>y's ,,rpp or ,,rrsp has 6be
  made 9 ! ye> ! am.t is 9clud$ 9 9come
  or )9 #fj "ds af ! 5d ( t ye>4

  ,=! purpose (! def9i;n (a 8=eign
  retire;t >range;t0 9 subsec;n
  #bdh7#a71 subsec;n #fhjc7#a7 (!
  ,regul,ns prescribes plans or
  >range;ts4 ,at ! "t ( pr9t+1 ! only
  plan prescrib$ = ? purpose is a plan
  6: specific provi.ns (! ,unit$ ,/ates
  ,9t]nal ,rev5ue ,code apply4       #dc
               ,,it-#ebh             g#g
#bi4 ,"u subp>agraph #ajd7#bg77d77;i71
  if a te/a;t>y tru/ rcvs a s+le am.t f
  an ,,rpp 7o!r ?an 9 respect ( an
  actu>ial surplus7 9 a tax,n ye> & has
  allocat$ "p or all ( ^? b5efits 6a
  b5efici>y :o 0 a sp\se (! settlor at !
  "t ( d1?1 t am.t is an eligi# am.t =!
  purposes ( subp>agraph #fj7j77;ii74
--------------------------------------#h
#cj4 ,"u subp>agraph #ajd7#bg77d77;ii71
  ! b5efici>y's %>e (! b5efit is an
  eligi# am.t "u subp>agraph #fj7j77;ii7
  if ! b5efit wd h o!rwise qualifi$ "u
  p>agraph #fj7j7 _h x be5 rcvd 0!
  b5efici>y 9/1d (! tru/4 ,? wd 2 ! case
  if1 = example1 a b5efit 7 pd \ ( an
  ,i4,r4,a4 6a te/a;t>y tru/ 7resid5t 9
  ,canada "?\t ! ye>7 &! am.t pd wd h
  be5 eligi# = transf] "u p>agraph
  #fj7j7 _h ! b5efici>y rcvd ! pay;t
  directly4 ,! b5efici>y is !n a#
  6transf] ! eligi# am.t "u subp>agraph
  #fj7j77;ii7 6an ,,rpp =! b5efici>y's
  b5efit or 6! b5efici>y's ,,rrsp4   #dd
               ,,it-#ebh             a#h
#ca4 ,"u p>agraph #ajd7#bg77e71 if a
  te/a;t>y tru/ rcvs a s+le am.t f an
  ,,rpp 2c (! d1? (a settlor1 &! tru/
  allocates "p or all (! s+le am.t 7o!r
  ?an 9 respect ( an actu>ial surplus7
  6a b5efici>y :o3
    --was "u #ah ye>s old at ! "t (!
      settlor's d1?1 &
    --was ! settlor's * or gr&*ild1
  t am.t is deem$1 =! purposes (
  p>agraph #fj7l71 6be an am.t f an
  ,,rpp1 9clud$ 9 ! m9or's 9come =! ye>
  z a pay;t 9 subclause
  #fj7l77v77,b4#a77,,ii71 & is eligi# =
  transf] on a tax-free basis4 ,a
  deduc;n "u p>agraph #fj7l7 is availa#
  6! m9or =! am.t ( s* a transf] if !
  ,,rpp s+le am.t is transf]r$ 6an
  annu;y1 7z describ$ "u clause
  #fj7l77;ii77,b771 =a fix$ t]m n grt]
  ?an #ah m9us ! m9or's age at ! "t !
  annu;y is b"\4
#cb4 ,"u subsec;n #ajd7#bg.a71 if a
  te/a;t>y tru/ resid5t 9 ,canada    #de
               ,,it-#ebh             b#h
  "?\t ! ye> rcvs an am.t f a ,,dpsp 7t
  is n "p (a s]ies ( p]iodic pay;ts7 2c
  (! d1? (! settlor1 & allocates x 6a
  b5efici>y :o 0 ! settlor's sp\se at !
  "t ( d1?1 t am.t is an eligi# am.t =
  transf] "u subp>agraph #fj7j77;ii7 0!
  sp\se if x is 9clud$ 9 -put+ ! sp\se's
  9come 9 ! ye>4 ,! dec1s$ settlor al _h
  6h be5 an employee ( an employ] :o
  "picipat$ 9 ! plan on 2half (!
  settlor4 ,! b5efici>y is !n a#
  6transf] ! eligi# am.t 6an ,,rpp =!
  b5efici>y's b5efit or 6! b5efici>y's
  ,,rrsp 9 ! ye> ! am.t is 9clud$ 9 !
  b5efici>y's 9come or )9 #fj "ds af !
  5d ( t ye>4

     ,transf]s ( am.ts "u prescrib$
       p5.n plans 7p>agraph #cc7
    
#cc4 ,if an am.t 7o!r ?an an am.t t is
  "p (a s]ies ( p]iodic pay;ts7 is
  transf]r$ directly1 on 2half ( an
  9dividual1 f a prescrib$           #df
               ,,it-#ebh             c#h
  prov9cial p5.n plan 7at ! "t ( pr9t+1
  ! only p5.n plan prescrib$ = ? purpose
  is ! ,saskat*ewan ,p5.n ,plan7 9
  a3ord.e ) subsec;n #adf7#ba71 x is
  g5],y n1 2c (! transf]1 9clud$ 9 !
  9dividual's 9come "u subp>agraph
  #ef7#a77a77;i7 & no deduc;n is all[$
  =! am.t (! transf]4 ,6meet ! 3di;ns (
  ? provi.n & transf] ! am.t on a tax-
  free basis1 ! transf] has 6be made to3
    --! 9dividual's ,,rrsp or ,,rrif or
      6pur*ase an annu;y 7z describ$ 9
      subp>agraph #fj7l77;ii7 b n 9clud+
      annuities describ$ 9 clause
      #fj7l77;ii77,b77 =! 9dividual2 or
    --an ,,rrsp or a ,,rrif (!
      9dividual's sp\se or =m] sp\se1 or
      6pur*ase an annu;y 7z describ$ 9
      subp>agraph #fj7l77;ii7 b n 9clud+
      annuities describ$ 9 clause
      #fj7l77;ii77,b77 =! sp\se or =m]
      sp\se1 if ! 9dividual &!
      9dividual's sp\se or =m] sp\se >e
      liv+ sep>ate & a"p1 &!         #dg
               ,,it-#ebh             d#h
      transf] is made "u a decree1 ord]
      or judg;t (a -pet5t tribunal1 or
      "u a writt5 sep>,n agree;t1 relat+
      6a divi.n ( prop]ty 2t ! 9dividual
      &! 9dividual's sp\se or =m] sp\se1
      9 settle;t ( "rs >is+ \ (1 or on !
      br1kd[n (1 _! m>riage4
  ,! tax-free transf] "u subsec;n
  #adf7#ba7 is n availa# if ! am.t is
  transf]r$ z a 3sequ;e (! d1? ( "s"o
  o!r ?an ! dec1s$ 9dividual1 !
  9dividual's sp\se or =m] sp\se4

                ,gloss>y
    
  ,! t]ms us$ "?\t ? bullet9 >e def9$ z
foll[s3
  7a7 ,def]r$ pr(it %>+ plan 7,,dpsp7--
    ,a ,,dpsp is def9$ 9 subsec;n
    #adg7#a7 z a pr(it %>+ plan a3ept$
    0! ,m9i/] = regi/r,n : 0 submitt$ 0!
    plan tru/ee & an employ]1 ^:
    employees >e b5efici>ies (! plan4 ,a
    8pr(it %>+ plan10 z def9$ 9      #dh
               ,,it-#ebh             e#h
    subsec;n #adg7#a71 is an >range;t "u
    : pay;ts >e made 0! employ] 6a
    tru/ee 9 tru/ =! b5efit (! employees
    or =m] employees4 ,! pay;ts h 6be
    -put$ 0ref];e to3
    --an employ]'s pr(its f ! employ]'s
      busi;s2 or
    --an employ]'s pr(its f ! employ]'s
      busi;s plus any pr(its f a
      corpor,n ) :om ! employ] does n
      d1l at >m's l5g?4
  7b7 ,def9$ b5efit provi.n--,"u
    subsec;n #adg.a7#a71 x m1ns ! t]ms
    (! p5.n plan ": b5efits = ea* memb]
    >e det]m9$ 9 any way o!r ?an t
    describ$ 9 ! def9i;n ( 8m"oy pur*ase
    provi.n10 z def9$ 0subsec;n
    #adg.a7#a74 ,! t]ms (a def9$ b5efit
    provi.n provide =a c]ta9 level (
    retire;t b5efits1 (t5 det]m9$ 0a
    =mula1 reg>d.s (! co/ ( provid+ s*
    b5efits4 ,! employee's 3tribu;ns >e
    predet]m9$2 h["e1 ! employ] g5],y
    3tributes :at"e is requir$       #di
               ,,it-#ebh             f#h
    65sure ! provi.n (! promis$ retire;t
    b5efits4
  7c7 ,m9imum am.t--,z def9$ 9 subsec;n
    #adf.c7#a71 a m9imum am.t "u a
    retire;t 9come fund is nil =! ye> !
    ,,rrif is e/abli%$ & is ! am.t
--------------------------------------#i
    t has 6be pd 6! annuitant ea*
    subsequ5t ye> f ! fund4 ,= ea*
    subsequ5t ye> af ! ye> ! retire;t
    9come fund 0 5t]$ 9to1 ! m9imum am.t
    is ! value obta9$ 0multiply+ ! fair
    m>ket value (! prop]ty held 9 3nec;n
    )! fund at ! 2g9n+ ( t subsequ5t ye>
    0a prescrib$ am.t4
  
    ,! am.t prescrib$ 0sec;n #gcjh (!
    ,regul,ns dep5ds on :e!r ! fund is a
    qualify+ retire;t 9come fund4 ,z
    describ$ 9 subsec;n #gcjh7#b71 a
    retire;t 9come fund is a qualify+
    retire;t 9come fund at a "picul> "t
    if ! fund 0 5t]$ 962f #aiic &! c>ri]
    has n a3ept$ any prop]ty z       #ej
               ,,it-#ebh             a#i
    3sid],n "u ! fund af #aiib & at or
    2f ! "picul> "t4 ,9 a4i;n1 a fund is
    a qualify+ retire;t 9come fund if !
    c>ri] has n a3ept$ any prop]ty z
    3sid],n "u ! fund af #aiib & at or
    2f ! "picul> "t1 o!r ?an prop]ty f a
    retire;t 9come fund t 0 a qualify+
    retire;t 9come fund immly 2f !
    transf] ( prop]ty4 ,=! purpose (!
    m9imum am.t1 ! prescrib$ am.t =a
    qualify+ retire;t 9come fund1 z
    det]m9$ "u subsec;n #gcjh7#c71
    dep5ds on1 am;g o!r ?+s1 ! age (!
    9dividual at ! 2g9n+ (! "picul> ye>4
    ,=! purpose (! m9imum am.t1 !
    prescrib$ am.t =a retire;t 9come
    fund1 o!r ?an a qualify+ retire;t
    9come fund1 is det]m9$ "u subsec;n
    #gcjh7#d74 ,2f ! m9imum am.t pay;ts
    2g91 ! annuitant c elect )! c>ri] 6h
    ! m9imum am.t bas$ on ! age (!
    annuitant's sp\se at ! 2g9n+ ( ea*
    ye>4
                                     #ea
               ,,it-#ebh             b#i
  7d7 ,m"oy pur*ase provi.n--,"u
    subsec;n #adg.a7#a71 x m1ns ! t]ms
    (! plan "u : a sep>ate a3.t is
    ma9ta9$ = ea* memb]1 6: >e cr$it$
    3tribu;ns made 6! plan 0or =! memb]
    & any o!r am.ts allocat$ 6! memb]4
    ,! a3umulat$ employ] & employee
    3tribu;ns & 9ve/;t e>n+s "!on 9 ea*
    memb]'s a3.t det]m9e ! p5.n b5efits
    t c 2 provid$ =! employee at
    retire;t4
  7e7 ,pa/ s]vice p5.n adju/;t 7,,pspa7
    --,in g5]al t]ms1 a ,,pspa
    7calculat$ "u sec;n #hcjc (!
    ,regul,ns7 is ! a4i;nal p5.n cr$its
    t wd h be5 det]m9$ = prior ye>s if !
    ,,rpp _h provid$ =! upgrad$ b5efits
    or a4i;nal p]iod ( p5.na# s]vice at
    ! "t ea* p5.n cr$it 0 f/ requir$ 6be
    det]m9$4 ,b5efits provid$ 9 respect
    ( po/-#aihi pa/ s]vices c give rise
    6a pa/ s]vice ev5t &1 "!=e1 may
    cause a ,,pspa4
                                     #eb
               ,,it-#ebh             c#i
    ,"u subsec;n #hcjj7#a7 (! ,9come
    ,tax ,regul,ns1 a 8pa/ s]vice ev5t0
    is any transac;n1 ev5t1 or circum/.e
    t o3urs af #aihi & ei results 9
    retire;t b5efits 2+ provid$ 6an
    9dividual "u a .def9$ .b5efit
    .provi.n (a p5.n plan =a p]iod 2f !
    transac;n1 ev5t1 or circum/.e o3urs1
    or *anges ! me?od = det]m9+ an
    9dividual's pa/ s]vice b5efits4 ,a
    pa/ s]vice ev5t is broadly def9$
    69clude any *ange 9 ! way 9 : ! pa/
    s]vice b5efits (a plan memb] >e
    det]m9$1 :e!r or n ! memb]'s b5efits
    >e actu,y 9cr1s$4 ,g5],y1 a pa/
    s]vice ev5t w 2 ei an upgrade 9
    b5efits or ! cr$it+ ( an a4i;nal
    p]iod ( p5.na# s]vice "u a plan4
  
    ,= fur!r details reg>d+ ,,pspa's1
    see ! ,plan ,adm9i/rators' ,pa/
    ,s]vice ,p5.n ,adju/;t ,calcul,n
    ,guide1 : is availa# at all ,rev5ue
    ,canada tax s]vices (fices4      #ec
               ,,it-#ebh             d#i
  7f7 ,regi/]$ p5.n plan 7,,rpp7--,? is
    def9$ 9 subsec;n #bdh7#a7 z a p5.n
    plan t has be5 regi/]$ 0! ,m9i/] =!
    purposes (! ,9come ,tax ,act1
    provid$ ! regi/r,n has n be5 revok$4
    ,an ,,rpp may 2 a plan t 9cludes
    def9$ b5efit provi.ns1 m"oy pur*ase
    provi.ns or a plan t 9cludes a -b9,n
    ( bo? types ( provi.ns4
  7g7 ,regi/]$ retire;t 9come fund
    7,,rrif7--,,rrif m1ns a retire;t
    9come fund a3ept$ = regi/r,n 0!
    ,m9i/] ( ,n,nal ,rev5ue & regi/]$ "u
    ! social 9sur.e numb] (! f/
    annuitant (! fund4 ,a retire;t 9come
    fund1 z def9$ "u subsec;n
    #adf.c7#a71 m1ns an >range;t 2t a
    c>ri] & an annuitant 6provide !
    annuitant ) retire;t 9come4 ,9 ?
    reg>d1 ! annuitant transf]s prop]ty
    6! c>ri]1 & 9 return1 ! c>ri] w pay
    ! annuitant at l1/ a 8m9imum am.t0 9
    ea* ye>1 />t+ n lat] ?an ! f/ cal5d>
    ye> af ! ye> ! >range;t is       #ed
               ,,it-#ebh             e#i
    made4 ,! annuitant c al elect 6h !
    c>ri] pay ! m9imum am.t "u !
    >range;t 6! annuitant's sp\se af !
    annuitant's d1? 9 ea* ye>1 />t+ n
    lat] ?an ! f/ cal5d> ye> af ! ye> 9
    : ! >range;t is made4
  7h7 ,regi/]$ retire;t sav+s plan
    7,,rrsp7--,,rrsp m1ns a retire;t
    sav+s plan a3ept$ = regi/r,n 0!
    ,m9i/] ( ,n,nal ,rev5ue4 ,g5],y1 a
    retire;t sav+s plan1 z def9$ "u
    subsec;n #adf7#a71 is an >range;t or
    3tract 2t an annuitant &a plan
    issu]4 ,! annuitant or annuitant's
    sp\se makes 3tribu;ns 6! plan &1 9
    return1 ! plan issu] w provide a
    retire;t 9come 6! annuitant :5 !
    plan matures4 ,an ,,rrsp _c mature
    lat] ?an ,decemb] #ca (! ye> 9 : !
    annuitant turns #ga ye>s ( age4 ,a
    matur$ ,,rrsp is an ,,rrsp t pays !
    annuitant retire;t 9come1 s* z
    mon?ly annu;y pay;ts4
                                     #ee
               ,,it-#ebh             f#i
,note3
  ,z ann\nc$ 0! ,m9i/] ( ,f9.e 9 ! ,m>*
  #f1 #aiif ,f$]al ,budget1 af #aiif1 !
  late/ "t at : an ,,rrsp c mature or
  retire;t b5efits "u an ,,rpp c g5],y
  -m;e1 w 2 *ang$ 0two ye>s 6! 5d (! ye>
  9 : ! annuitant atta9s #fi ye>s ( age
  9/1d ( #ga ye>s ( age4 ,h["e1 ? *ange
  w 2 def]r$ = "o ye>
-------------------------------------#aj
  = 9dividuals :o >e #fi ye>s ( age at !
  5d ( #aiif4

  7i7 ,s+le am.ts--,=! purpose ( sec;n
    #adg.c1 a 8s+le am.t0 f an ,,rpp is
    an am.t t is n "p (a s]ies ( p]iodic
    pay;ts4 ,a s]ies ( pay;ts is 3sid]$
    6be a s]ies ( at l1/ ?ree equal or
    simil> am.ts pd at c]ta9 specifi$
    9t]vals4 ,an 8am.t0 7z def9$ 9
    subsec;n #bdh7#a77 9cludes m"oy1 "rs
    or ?+s express$ 9 t]ms (! am.t (
    m"oy or ! value 9 t]ms ( m"oy (! "r
    or ?+4 ,"!=e1 a s+le am.t c 2    #ef
               ,,it-#ebh            a#aj
    made up (a numb] ( prop]ties &a
    transf] (a memb]'s "rs c 2 pd \ ( an
    ,,rpp "? a -b9$ transf] ( prop]ty &
    pay;t ( ca%4
  7j7 ,sp\se--,g5],y1 ! 8sp\se0 (a
    taxpay] is ! p]son :o is leg,y m>ri$
    6! taxpay]4 ,= purposes (! ,9come
    ,tax ,act1 ! m1n+ (! t]m 8sp\se0 is
    ext5d$ 0subsec;n #beb7#d7 69clude !
    p]son (! opposite sex :o is cohabit+
    )! taxpay] at ! "t 9 a 3jugal
    rel,n%ip if c]ta9 3di;ns >e met4 ,9
    a4i;n1 =! purposes ( c]ta9 provi.ns
    (! ,act s* z p>agraphs #fj7j7 &
    #adf.c7#ad77b71 subsec;n #adf7#af71
    & subsec;ns #adg.c7#e7 & 7#g71 sp\se
    & =m] sp\se ( an 9dividual 9clude
    ano!r 9dividual (! opposite sex :o
    is a "py 6a voida# or void m>riage
    )! "picul> 9dividual4
  
  

                                     #eg
                ,app5dix            b#aj
    
     ,ov]view ( ,tr1t;t ( ,transf]s
    
,transcrib]'s note3
  7,! foll[+ is set up 9 ?ree columns3
  ,column #a3 ,provi.n (! ,9come ,tax
    ,act & ,type ( ,pay;t
  ,column #b3 ,type ( ,plan 6,: ! ,pay;t
    ,c ,2 ,transf]r$
  ,column #c3 ,ref];e 9 ,bullet97
  
,provi.n (! ,9come ,tax ,act
  --subp>agraph #fj7j77;i7
  --sup]annu,n or p5.n b5efits f a non-
    regi/]$ plan
,type ( ,plan 6,: ! ,pay;t ,c ,2
  ,transf]r$3 transf] 6! 9dividual's
  ,,rrsp or ,,rpp
,ref];e 9 ,bullet93 see p>agraph #bf

,provi.n (! ,9come ,tax ,act
  --subp>agraph #fj7j77;ii7
  --am.ts "u sec;n #fj.ja 7i4e41 c]ta9
    am.ts f a =eign retire;t         #eh
               ,,it-#ebh            c#aj
    >range;t 7,am]ican ,9dividual
    ,retire;t ,a3.ts77
,type ( ,plan 6,: ! ,pay;t ,c ,2
  ,transf]r$3 transf] 6! 9dividual's
  ,,rrsp or ,,rpp
,ref];e 9 ,bullet93 see p>agraph #bg

,provi.n (! ,9come ,tax ,act
  --subp>agraph #fj7j77;ii7
  --am.ts "u subsec;n #ajd7#bg71 7i4e41
    transf] (a p5.n or sup]annu,n b5efit
    or a b5efit f a =eign retire;t
    >range;t rcvd 0a te/a;t>y tru/
    resid5t 9 ,canada "?\t ! ye> &
    allocat$ 6! b5efici>y7
,type ( ,plan 6,: ! ,pay;t ,c ,2
  ,transf]r$3 transf] 6! b5efici>y's
  ,,rpp or ,,rrsp
,ref];e 9 ,bullet93 see p>agraphs #bh-ca

,provi.n (! ,9come ,tax ,act
  --subp>agraph #fj7j77;ii7
  --am.ts "u subsec;n #ajd7#bg.a7 7i4e41
    an am.t f a ,,dpsp rcvd 0a       #ei
               ,,it-#ebh            d#aj
    te/a;t>y tru/ resid5t 9 ,canada "?\t
    ! ye> & allocat$ 6! b5efici>y7
,type ( ,plan 6,: ! ,pay;t ,c ,2
  ,transf]r$3 transf] 6! b5efici>y's 7!
  sp\se (a ,,dpsp settlor at ! "t (!
  settlor's d1?7 ,,rrsp or ,,rpp
,ref];e 9 ,bullet93 see p>agraph #cb

,provi.n (! ,9come ,tax ,act
  --clause #fj7l77;v77,b4#a7
  --am.ts "u p>agraph #ajd7#bg77e7
    7i4e41 an am.t pd 0a regi/]$ p5.n
    plan & rcvd 0a te/a;t>y tru/ resid5t
    9 ,canada "?\t ! ye> & allocat$ 6a
    b5efici>y7 t >e deem$ 6be pay;ts f
    an ,,rpp made z a 3sequ;e (! memb]'s
    d1? 6! memb]'s * or gr&*ild
,type ( ,plan 6,: ! ,pay;t ,c ,2
  ,transf]r$3 transf] 6pur*ase an annu;y
  7=a t]m ( ye>s equal 6#ah m9us !
  m9or's age at ! "t ( pur*ase7 =! * or
  gr&*ild (! ,,rpp memb]
,ref];e 9 ,bullet93 see p>agraph #ca
                                     #fj
               ,,it-#ebh            e#aj
,provi.n (! ,9come ,tax ,act
  --clause #fj7l77;v77,d7
  --an am.t 9 excess (! 8m9imum am.t0 f
    an 9dividual's ,,rrif
,type ( ,plan 6,: ! ,pay;t ,c ,2
  ,transf]r$3 transf] 6ano!r (!
  9dividual's ,,rrif's1 ! 9dividual's
  ,,rrsp1 or c]ta9 annuities =!
  9dividual4
,ref];e 9 ,bullet93 see p>agraph #i

,provi.n (! ,9come ,tax ,act
  --subsec;n #adf7#af7
  --prop]ty f an unmatur$ ,,rrsp
,type ( ,plan 6,: ! ,pay;t ,c ,2
  ,transf]r$3
  --transf] f ! 9dividual's unmatur$
    ,,rrsp 6! 9dividual's ,,rrif or
    ,,rpp or 6ano!r (! 9dividual's
    ,,rrsp's
  --transf] f an 9dividual's unmatur$
    ,,rrsp 6an ,,rrsp or ,,rrif ( 8 or
    h] sp\se or =m] sp\se if ! 9dividual
    & 8 or h] sp\se or =m] sp\se     #fa
               ,,it-#ebh            f#aj
    >e liv+ sep>ate & a"p & o!r 3di;ns
    >e met
,ref];e 9 ,bullet93 see p>agraph #e
-------------------------------------#ab
,provi.n (! ,9come ,tax ,act
  --subsec;n #adf7#ba7
  --am.ts f a prescrib$ prov9cial p5.n
    plan 7i4e41 ! ,saskat*ewan ,p5.n
    ,plan7
,type ( ,plan 6,: ! ,pay;t ,c ,2
  ,transf]r$3
  --transf] ( an am.t f a prescrib$
    prov9cial p5.n plan3
  --on 2half ( an 9dividual 6!
    9dividual's ,,rrsp or ,,rrif or
    6pur*ase an annu;y describ$ 9
    subp>agraph #fj7l77;ii72 or
  --6an ,,rrsp or ,,rrif (! 9dividual's
    sp\se or =m] sp\se or 6pur*ase an
    annu;y describ$ 9 subp>agraph
    #fj7l77;ii7 if ! 9dividual &!
    9dividual's sp\se or =m] sp\se >e
  
                                     #fb
               ,,it-#ebh            a#ab
    liv+ sep>ate & a"p & o!r 3di;ns >e
    met
,ref];e 9 ,bullet93 see p>agraph #cc

,provi.n (! ,9come ,tax ,act
  --subsec;n #adf.c7#ad7 & clause
    #fj7l77;v77,d7
  --,,rrif prop]ty
,type ( ,plan 6,: ! ,pay;t ,c ,2
  ,transf]r$3 transf] ( prop]ty f an
  9dividual's ,,rrif to3
  --! 9dividual's ,,rrsp or ,,rrif1 or
    6pur*ase an annu;y1 z describ$ 9
    p>agraph #fj7l77;ii71 =! 9dividual1
    or
  --! ,,rrsp or ,,rrif (! 9dividual's
    sp\se or =m] sp\se "u a decree1 ord]
    or judg;t (a -pet5t tribunal1 or "u
    a writt5 sep>,n agree;t1 if c]ta9
    3di;ns >e met
,ref];e 9 ,bullet93 see p>agraph #h


                                     #fc
               ,,it-#ebh            b#ab
,provi.n (! ,9come ,tax ,act
  --subsec;n #adg7#ai7
  --am.ts f ,,dpsp's
,type ( ,plan 6,: ! ,pay;t ,c ,2
  ,transf]r$3 transf] ( an am.t f a
  ,,dpsp1 on 2half ( an 9dividual 7an
  employee or =m] employee ( an employ]
  :o "picipat$ 9 ! plan on ! employee's
  2half1 or a sp\se (a dec1s$ employee
  or =m] employee1 :o is 5titl$ 6! am.t
  2c (! d1? (! employee or =m]
  employee71 6! 9dividual's ,,rpp1
  ,,rrsp or ano!r ,,dpsp1 if c]ta9
  3di;ns >e met
,ref];e 9 ,bullet93 see p>agraph #b

,provi.n (! ,9come ,tax ,act
  --subsec;n #adg.c7#a7
  --s+le am.t f a m"oy pur*ase provi.n (
    an ,,rpp
  


                                     #fd
               ,,it-#ebh            c#ab
,type ( ,plan 6,: ! ,pay;t ,c ,2
  ,transf]r$3 transf] 6a m"oy pur*ase
  provi.n ( ano!r ,,rpp1 or !
  9dividual's ,,rrsp or ,,rrif
,ref];e 9 ,bullet93 see p>agraph #ab

,provi.n (! ,9come ,tax ,act
  --subsec;n #adg.c7#b7
  --s+le am.t f a m"oy pur*ase provi.n (
    an ,,rpp
,type ( ,plan 6,: ! ,pay;t ,c ,2
  ,transf]r$3 transf] 6a def9$ b5efit
  provi.n ( ano!r ,,rpp 6fund b5efits
  6be provid$ 6! 9dividual "u a def9$
  b5efit provi.n ( t plan
,ref];e 9 ,bullet93 see p>agraph #ac

,provi.n (! ,9come ,tax ,act
  --subsec;n #adg.c7#c7
  --s+le am.t 79clud+ actu>ial surplus7
    f a def9$ b5efit provi.n ( an ,,rpp
  

                                     #fe
               ,,it-#ebh            d#ab
,type ( ,plan 6,: ! ,pay;t ,c ,2
  ,transf]r$3
  --transf] 6a def9$ b5efit provi.n (
    ano!r ,,rpp
  --transf]s ( ? type ne$ n 2 on 2half (
    any "o 9dividual
,ref];e 9 ,bullet93 see p>agraph #ad

,provi.n (! ,9come ,tax ,act
  --subsec;n #adg.c7#d7
  --s+le am.t 7exclud+ any actu>ial
    surplus7 f a def9$ b5efit provi.n (
    an ,,rpp
,type ( ,plan 6,: ! ,pay;t ,c ,2
  ,transf]r$3 transf]1 on 2half ( an
  9dividual1 "u a def9$ b5efit provi.n1
  6a m"oy pur*ase provi.n ( ano!r ,,rpp1
  or ! 9dividual's ,,rrsp or ,,rrif
,ref];e 9 ,bullet93 see p>agraph #ae

,provi.n (! ,9come ,tax ,act
  --subsec;n #adg.c7#d.a7
  --actu>ial surplus "u a def9$ b5efit
    provi.n ( an ,,rpp               #ff
               ,,it-#ebh            e#ab
,type ( ,plan 6,: ! ,pay;t ,c ,2
  ,transf]r$3 transf] ( an actu>ial
  surplus "u a def9$ b5efit provi.n ( an
  ,,rpp 6a m"oy pur*ase provi.n ( ano!r
  ,,rpp if c]ta9 3di;ns >e met
,ref];e 9 ,bullet93 see p>agraph #ah
-------------------------------------#ac
,provi.n (! ,9come ,tax ,act
  --subsec;n #adg.c7#e7
  --s+le am.t f an ,,rpp
,type ( ,plan 6,: ! ,pay;t ,c ,2
  ,transf]r$3 transf] f an ,,rpp 6!
  ,,rpp1 ,,rrsp1 or ,,rrif (!
  9dividual's sp\se or =m] sp\se if !
  sp\se or =m] sp\se is 5titl$ 6! am.t
  pursuant 6a decree1 ord] or judg;t (a
  -pet5t tribunal1 or "u a writt5
  agree;t1 & o!r 3di;ns >e met
,ref];e 9 ,bullet93 see p>agraph #bj




                                     #fg
               ,,it-#ebh            a#ac
,provi.n (! ,9come ,tax ,act
  --subsec;n #adg.c7#f7
  --s+le am.t : 3/itutes a return ( pre-
    #aiia employee 3tribu;ns f a def9$
    b5efit provi.n ( an ,,rpp
,type ( ,plan 6,: ! ,pay;t ,c ,2
  ,transf]r$3 transf] f a def9$ b5efit
  provi.n ( an ,,rpp 6ano!r (!
  9dividual's ,,rpp's1 or ! 9dividual's
  ,,rrsp or ,,rrif
,ref];e 9 ,bullet93 see p>agraph #af

,provi.n (! ,9come ,tax ,act
  --subsec;n #adg.c7#g7
  --s+le am.t 7exclud+ any actu>ial
    surplus7 paya# f an ,,rpp 6! sp\se
    or =m] sp\se (a memb] ( an ,,rpp 2c
    (! memb]'s d1?
,type ( ,plan 6,: ! ,pay;t ,c ,2
  ,transf]r$3 transf] 6! sp\se's or =m]
  sp\se's ,,rpp1 ,,rrsp1 or ,,rrif
,ref];e 9 ,bullet93 see p>agraph #ba

                                     #fh
               ,,it-#ebh            b#ac
,provi.n (! ,9come ,tax ,act
  --subsec;n #adg.c7#h7
  --prop]ty "u a def9$ b5efit provi.n (
    an ,,rpp
,type ( ,plan 6,: ! ,pay;t ,c ,2
  ,transf]r$3 transf] (a s+le am.t f a
  def9$ b5efit provi.n ( an ,,rpp 6a
  m"oy pur*ase provi.n ( ano!r ,,rpp if
  c]ta9 3di;ns >e met & if ! m"oy
  pur*ase provi.n is replac+ ! def9$
  b5efit provi.n
,ref];e 9 ,bullet93 see p>agraph #ai

#a ,correct$ ,janu>y #bf1 #bjja









                                     #fi