Please note that the following document, although believed to be correct at the time of issue, may not represent the current position of the CRA.
Prenez note que ce document, bien qu'exact au moment émis, peut ne pas représenter la position actuelle de l'ARC.
Please note that the following document, although believed to be correct at the time of issue, may not represent the current position of the Department.
Prenez note que ce document, bien qu'exact au moment émis, peut ne pas représenter la position actuelle du ministère.
Principal Issues:
Would a surviving spouce's contribution to complete a purchase of past service in a defined benefit plan of a deceased be a permissible contribution pursuant to Regulation 8502(b)?
Position:
No
Reasons:
Pursuant to Regulation 8502(b) the contribution must be made by a member.
May 1, 1996
HEADQUARTERS HEADQUARTERS
Stella M. Black Franklyn S. Gillman
Director 957-9768
Registered Plans Division
Attention: J. Hollinger
960500
Surviving Spouse and Buy-Back Past Service
This is in reply to your memorandum of February 1, 1996 wherein you requested our opinion whether contributions to complete a deceased's purchase of past service by a surviving spouse to a defined benefit plan would be permissible contributions within the meaning assigned to that term at subsection 8502(b) of the Income Tax Regulations (the "Regulations").
There are presently no provisions under the Income Tax Act or the Regulations, that would qualify such a contribution as a permissible one pursuant to subsection 8502(b) of the Regulations. Under subparagraph 8502(b)(i) of the Regulations a contribution must be made by a member in order for it to qualify.
for Director
Financial Industries Division
Income Tax Rulings and
Interpretations Directorate
Policy and Legislation Branch
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© Her Majesty the Queen in Right of Canada, 1996
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© Sa Majesté la Reine du Chef du Canada, 1996
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