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.
R. D'Aurelio W.C. Harding
Director Financial Industries Division
Current Amendments & Regulations 957-8953
Division
5-903177
SUBJECT: July 1990 Draft Amendments to the Income Tax Act
re 146.1 of the Act and section 118.6 of the Act
The Draft amendments proposed for Registered Education Savings Plans (RESPs) provides that educational assistance payments out of a plan can only be made to individuals in full-time attendance at a post-secondary educational institution who are enroled in a qualifying educational program (proposed paragraph 146.1(2)(g). Paragraph 146.1(1)(d.1) as revised, provides that a "qualifying educational program" has the meaning assigned by subsection 118.6(1) of the Act. Similarly, subsection 118.6(2) provides an education tax credit for students enroled in qualifying educational programs again as defined in subsection 118.6(1).
Subsection 118.6(1) defines a qualifying educational program but subjects that definitions to several exclusions. One of these exclusions, contained in paragraph (b) of the definition, is that a program taken in connection with, or as part of the duties of an office or employment is excluded if the student receives income from that office or employment during the period during which the program is taken.
21(1)(b)
Director General Financial Industries Division Rulings Directorate
All rights reserved. Permission is granted to electronically copy and to print in hard copy for internal use only. No part of this information may be reproduced, modified, transmitted or redistributed in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, or stored in a retrieval system for any purpose other than noted above (including sales), without prior written permission of Canada Revenue Agency, Ottawa, Ontario K1A 0L5
© Her Majesty the Queen in Right of Canada, 1990
Tous droits réservés. Il est permis de copier sous forme électronique ou d'imprimer pour un usage interne seulement. Toutefois, il est interdit de reproduire, de modifier, de transmettre ou de redistributer de l'information, sous quelque forme ou par quelque moyen que ce soit, de facon électronique, méchanique, photocopies ou autre, ou par stockage dans des systèmes d'extraction ou pour tout usage autre que ceux susmentionnés (incluant pour fin commerciale), sans l'autorisation écrite préalable de l'Agence du revenu du Canada, Ottawa, Ontario K1A 0L5.
© Sa Majesté la Reine du Chef du Canada, 1990
Email this Content