John
B
Goetz:—This
is
an
appeal
by
the
appellant
with
respect
to
an
assessment
of
her
tax
for
the
1977
taxation
year.
in
assessing
the
appellant,
the
respondent
relied,
inter
alia,
upon
section
3,
paragraph
56(1)(h)
and
Subsection
146(8)
of
the
Income
Tax
Act,
SC
1970-71-72,
c
63,
as
amended.
Facts
In
the
taxation
year
1977,
the
appellant
withdrew
the
sum
of
$1,744.69
from
a
Toronto-Dominion
Bank
registered
retirement
savings
plan,
contract
number
1070507.
She
utilized
this
withdrawal
for
the
purpose
of
purchasing
a
home
and
felt
therefore
that
the
withdrawal
of
that
amount
should
not
be
included
in
her
income.
Subsection
146(8)
is
quite
clear
and
reads
as
follows:
There
shall
be
included
in
computing
the
income
of
a
taxpayer
for
a
taxation
year
all
amounts
received
by
him
in
the
year
as
a
benefit
out
of
or
under
a
registered
retirement
savings
plan.
Regardles
of
the
purpose
for
which
the
appellant
used
the
money
so
withdrawn
from
her
registered
retirement
savings
plan,
the
section
applies.
Consequently,
I
find
that
she
was
properly
assessed
and
dismiss
the
appeal.
Appeal
dismissed.
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