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We also provide some guidelines on the assumptions that are acceptable to us when computing the present value of benefits in connection with the conversion of defined pension benefits to a money purchase arrangement where there is no termination of plan membership. ... The assumptions described below, if they are reasonable at the time they are used, are acceptable to the Canada Revenue Agency when computing the present value of benefits in connection with the conversion of defined pension benefits to a money purchase arrangement where there is no termination of plan membership. ...

Other items of interest Document navigation Previous- Taxpayer Bill of Rights Next- Defenitions Crosswalk Long desciption Two schematic diagrams show the relationship and connection between program areas under the old Treasury Board Secretariat's Program Alignment Architecture and the reporting areas under the new Departmental Results Framework for 2017-2018. ... To illustrate the connection between the program areas under the old Program Alignment Architecture and the reporting areas under the new Departmental Results Framework, dotted lines with arrows at the end, each a different colour, lead from each Program Alignment Architecture program title to the corresponding reporting area title under the new Departmental Results Framework. ...

Working within existing treaties, real data sets from each country were brought to the challenge to make connections where current individual efforts would take years to make those same connections. ...

G) Personal information transmission The personal information is used in a system that has connections to at least one other system. The program or activity involves one or more connections to the Internet, Intranet or any other system. ...

The excess amount that you withdrew from your RRSPs in connection with the certification of a provisional past service pension adjustment that you re-contributed to this RRSP in the 89-day period just before your withdrawal, and for which you claim or will claim a deduction. ... The excess amount that your spouse or common-law partner withdrew from their RRSPs in connection with the certification of a provisional past service pension adjustment, that your spouse or common-law partner re-contributed to this RRSP in the 89-day period just before their withdrawal, and for which your spouse or common-law partner claims or will claim a deduction. ...

Definitions for RRSPs Advantage An advantage is any benefit, loan or debt that depends on the existence of the RRSP or RRIF, other than: RRSP or RRIF distributions; administrative or investment services in connection with the RRSP or RRIF; loans on arm’s length terms; payments or allocations (such as bonus interest) to the RRSP or RRIF by the issuer or carrier; or a benefit provided under an incentive program that is offered to a broad class of persons in a normal commercial or investment context and not established mainly for tax purposes. ... An advantage also includes an RRSP strip or any benefit that is income (excluding the dividend gross-up), or a capital gain that is reasonably attributable, directly or indirectly, to one of the following: a prohibited investment in respect of the RRSP or RRIF or any other RRSP or RRIF of the annuitant; an amount received by the annuitant of the RRSP or RRIF (or by a person not dealing at arm's length with the annuitant) if it is reasonable to consider that the amount was paid in relation to, or would not have been paid but for, property held in connection with the RRSP or RRIF, and the amount was paid in substitution for either a payment: for services provided by the annuitant (or another person not at arm's length with the annuitant); or of a return on investment or proceeds of disposition. ... RRSP Strip The amount of a reduction in the FMV of property held in connection with the RRSP or RRIF, if the value is reduced as part of a transaction, or event, or a series of transactions, or events for which one of the main purposes is to enable the annuitant, or a person who does not deal at arm’s length with the annuitant, to obtain a benefit in respect of property held in connection with the RRSP or RRIF, or to obtain a benefit as a result of the reduction but does not include an amount that is: included in the income of the annuitant or his or her spouse or common-law partner; withdrawn under the Home Buyers' Plan or the Lifelong Learning Plan; or a permitted transfer of funds from one plan to another. ...

According to subsection 147.5(2) of the ITA, the Minister of National Revenue will not accept a pooled pension plan for registration unless, in his or her opinion, the plan complies with the following conditions: The main purpose of the plan is to accept and invest contributions in order to provide retirement income to plan members, subject to the limits and other requirements of the ITA; One account is kept for each member under the member’s SIN: to which are credited all contributions made to the plan for the member, and any earnings of the plan allocated to the member; and to which are charged all payments and distributions made for the member; The only benefits provided under the plan for each member are benefits determined only with reference to, and provided by, the amount in the member’s account; All earnings of the plan are allocated to plan members on a reasonable basis and no less than once a year; An arrangement under which property is held in connection with the plan is acceptable to the Minister of National Revenue. ... A PRPP becomes a revocable plan at any time that: a contribution is made to the plan other than an amount: paid by a member of the plan; paid by the employer or former employer of a member of the plan in respect of the member; or transferred to the plan in accordance with any of subsections 147.5(21), 146(16) and (21), 146.3(14) and (14.1), 147(19) and 147.3(1), and (4) to (7) of the ITA; a contribution is made to the plan in respect of a member after the calendar year in which the member attains 71 years of age, other than a permissible transfer described above; a participating employer makes contributions to the plan in a calendar year in respect of a member of the plan in excess of the RRSP dollar limit for the year, except in accordance with a direction by the member; a distribution is made from the plan other than: a payment of benefits in accordance with subsection 147.5(5) of the ITA, or a return of contributions: if a contribution has been made as the result of a reasonable error by the member or participating employer and the return of contributions is made to the contributor no later than December 31 of the year following the calendar year in which the contribution was made; to avoid revocation of the registration of the plan; to reduce the amount of tax that would otherwise be payable, under Part X.1 by a member; or to comply with any requirement under the ITA; property is held in connection with the plan that: the administrator knew or ought to have known was a restricted investment for the plan; or in the case of a designated pooled pension plan, is a share or a debt of, or an interest in, a participating employer of the plan or any person or partnership that does not deal at arm’s length with a participating employer, or an interest (or for civil law, a right) in, or a right to acquire, such a share, debt or interest; (see ¶ 21.) the value of a member’s rights under the plan depends on the value of, or income or capital gains in respect of, property that would be described in paragraph 147.5(3)(e) of the ITA if it were held in connection with the plan; the administrator borrows money or other property for the purposes of the plan; or the plan or administrator does not comply with a prescribed condition. ... A designated pooled pension plan, for a calendar year, is defined in subsection 147.5(1) of the ITA as a pooled pension plan if, at any time in the year (other than the year in which the plan became registered as a PRPP), it meets any of the following conditions: the plan has fewer than 10 participating employers; the fair market value of property held in connection with the accounts of all members of the plan employed by a particular employer is more than 50% of the fair market value of the property held in connection with the plan; more than 50% of the members are employed by a particular participating employer; or it is reasonable to conclude that the participation in the plan of one or more participating employers occurs mainly to avoid the application of a, b, or c. ...

According to subsection 147.5(2) of the ITA, the Minister of National Revenue will not accept a pooled pension plan for registration unless, in his or her opinion, the plan complies with the following conditions: The main purpose of the plan is to accept and invest contributions in order to provide retirement income to plan members, subject to the limits and other requirements of the ITA; One account is kept for each member under the member’s SIN: to which are credited all contributions made to the plan for the member, and any earnings of the plan allocated to the member; and to which are charged all payments and distributions made for the member; The only benefits provided under the plan for each member are benefits determined only with reference to, and provided by, the amount in the member’s account; All earnings of the plan are allocated to plan members on a reasonable basis and no less than once a year; An arrangement under which property is held in connection with the plan is acceptable to the Minister of National Revenue. ... A PRPP becomes a revocable plan at any time that: a contribution is made to the plan other than an amount: paid by a member of the plan; paid by the employer or former employer of a member of the plan in respect of the member; or transferred to the plan in accordance with any of subsections 147.5(21), 146(16) and (21), 146.3(14) and (14.1), 147(19) and 147.3(1), and (4) to (7) of the ITA; a contribution is made to the plan in respect of a member after the calendar year in which the member attains 71 years of age, other than a permissible transfer described above; a participating employer makes contributions to the plan in a calendar year in respect of a member of the plan in excess of the RRSP dollar limit for the year, except in accordance with a direction by the member; a distribution is made from the plan other than: a payment of benefits in accordance with subsection 147.5(5) of the ITA, or a return of contributions: if a contribution has been made as the result of a reasonable error by the member or participating employer and the return of contributions is made to the contributor no later than December 31 of the year following the calendar year in which the contribution was made; to avoid revocation of the registration of the plan; to reduce the amount of tax that would otherwise be payable, under Part X.1 by a member; or to comply with any requirement under the ITA; property is held in connection with the plan that: the administrator knew or ought to have known was a restricted investment for the plan; or in the case of a designated pooled pension plan, is a share or a debt of, or an interest in, a participating employer of the plan or any person or partnership that does not deal at arm’s length with a participating employer, or an interest (or for civil law, a right) in, or a right to acquire, such a share, debt or interest; (see ¶ 21.) the value of a member’s rights under the plan depends on the value of, or income or capital gains in respect of, property that would be described in paragraph 147.5(3)(e) of the ITA if it were held in connection with the plan; the administrator borrows money or other property for the purposes of the plan; or the plan or administrator does not comply with a prescribed condition. ... A designated pooled pension plan, for a calendar year, is defined in subsection 147.5(1) of the ITA as a pooled pension plan if, at any time in the year (other than the year in which the plan became registered as a PRPP), it meets any of the following conditions: the plan has fewer than 10 participating employers; the fair market value of property held in connection with the accounts of all members of the plan employed by a particular employer is more than 50% of the fair market value of the property held in connection with the plan; more than 50% of the members are employed by a particular participating employer; or it is reasonable to conclude that the participation in the plan of one or more participating employers occurs mainly to avoid the application of a, b, or c. ...

According to subsection 147.5(2) of the ITA, the Minister of National Revenue will not accept a pooled pension plan for registration unless, in his or her opinion, the plan complies with the following conditions: The main purpose of the plan is to accept and invest contributions in order to provide retirement income to plan members, subject to the limits and other requirements of the ITA; One account is kept for each member under the member’s SIN: to which are credited all contributions made to the plan for the member, and any earnings of the plan allocated to the member; and to which are charged all payments and distributions made for the member; The only benefits provided under the plan for each member are benefits determined only with reference to, and provided by, the amount in the member’s account; All earnings of the plan are allocated to plan members on a reasonable basis and no less than once a year; An arrangement under which property is held in connection with the plan is acceptable to the Minister of National Revenue. ... A PRPP becomes a revocable plan at any time that: a contribution is made to the plan other than an amount: paid by a member of the plan; paid by the employer or former employer of a member of the plan in respect of the member; or transferred to the plan in accordance with any of subsections 147.5(21), 146(16) and (21), 146.3(14) and (14.1), 147(19) and 147.3(1), (4) and (5) to (7) of the ITA; a contribution is made to the plan in respect of a member after the calendar year in which the member attains 71 years of age, other than a permissible transfer described above; a participating employer makes contributions to the plan in a calendar year in respect of a member of the plan in excess of the RRSP dollar limit for the year, except in accordance with a direction by the member; a distribution is made from the plan other than: a payment of benefits in accordance with subsection 147.5(5) of the ITA, or a return of contributions: if a contribution has been made as the result of a reasonable error by the member or participating employer and the return of contributions is made to the contributor no later than December 31 of the year following the calendar year in which the contribution was made; to avoid revocation of the registration of the plan; to reduce the amount of tax that would otherwise be payable, under Part X.1 by a member; or to comply with any requirement under the ITA; property is held in connection with the plan that: the administrator knew or ought to have known was a restricted investment for the plan; or in the case of a designated pooled pension plan, is a share or a debt of, or an interest in, a participating employer of the plan or any person or partnership that does not deal at arm’s length with a participating employer, or an interest (or for civil law, a right) in, or a right to acquire, such a share, debt or interest; (see ¶ 21.) the value of a member’s rights under the plan depends on the value of, or income or capital gains in respect of, property that would be described in paragraph 147.5(3)(e) of the ITA if it were held in connection with the plan; the administrator borrows money or other property for the purposes of the plan; or the plan or administrator does not comply with a prescribed condition. ... A designated pooled pension plan, for a calendar year, is defined in subsection 147.5(1) of the ITA as a pooled pension plan if, at any time in the year (other than the year in which the plan became registered as a PRPP), it meets any of the following conditions: the plan has fewer than 10 participating employers; the fair market value of property held in connection with the accounts of all members of the plan employed by a particular employer is more than 50% of the fair market value of the property held in connection with the plan; more than 50% of the members are employed by a particular participating employer; or it is reasonable to conclude that the participation in the plan of one or more participating employers occurs mainly to avoid the application of a, b, or c. ...

According to subsection 147.5(2) of the ITA, the Minister of National Revenue will not accept a pooled pension plan for registration unless, in his or her opinion, the plan complies with the following conditions: The main purpose of the plan is to accept and invest contributions in order to provide retirement income to plan members, subject to the limits and other requirements of the ITA; One account is kept for each member under the member’s SIN: to which are credited all contributions made to the plan for the member, and any earnings of the plan allocated to the member; and to which are charged all payments and distributions made for the member; The only benefits provided under the plan for each member are benefits determined only with reference to, and provided by, the amount in the member’s account; All earnings of the plan are allocated to plan members on a reasonable basis and no less than once a year; An arrangement under which property is held in connection with the plan is acceptable to the Minister of National Revenue. ... A PRPP becomes a revocable plan at any time that: a contribution is made to the plan other than an amount: paid by a member of the plan; paid by the employer or former employer of a member of the plan in respect of the member; or transferred to the plan in accordance with any of subsections 147.5(21), 146(16) and (21), 146.3(14) and (14.1), 147(19) and 147.3(1), (4) and (5) to (7) of the ITA; a contribution is made to the plan in respect of a member after the calendar year in which the member attains 71 years of age, other than a permissible transfer described above; a participating employer makes contributions to the plan in a calendar year in respect of a member of the plan in excess of the RRSP dollar limit for the year, except in accordance with a direction by the member; a distribution is made from the plan other than: a payment of benefits in accordance with subsection 147.5(5) of the ITA, or a return of contributions: if a contribution has been made as the result of a reasonable error by the member or participating employer and the return of contributions is made to the contributor no later than December 31 of the year following the calendar year in which the contribution was made; to avoid revocation of the registration of the plan; to reduce the amount of tax that would otherwise be payable, under Part X.1 by a member; or to comply with any requirement under the ITA; property is held in connection with the plan that: the administrator knew or ought to have known was a restricted investment for the plan; or in the case of a designated pooled pension plan, is a share or a debt of, or an interest in, a participating employer of the plan or any person or partnership that does not deal at arm’s length with a participating employer, or an interest (or for civil law, a right) in, or a right to acquire, such a share, debt or interest; (see ¶ 21.) the value of a member’s rights under the plan depends on the value of, or income or capital gains in respect of, property that would be described in paragraph 147.5(3)(e) of the ITA if it were held in connection with the plan; the administrator borrows money or other property for the purposes of the plan; or the plan or administrator does not comply with a prescribed condition. ... A designated pooled pension plan, for a calendar year, is defined in subsection 147.5(1) of the ITA as a pooled pension plan if, at any time in the year (other than the year in which the plan became registered as a PRPP), it meets any of the following conditions: the plan has fewer than 10 participating employers; the fair market value of property held in connection with the accounts of all members of the plan employed by a particular employer is more than 50% of the fair market value of the property held in connection with the plan; more than 50% of the members are employed by a particular participating employer; or it is reasonable to conclude that the participation in the plan of one or more participating employers occurs mainly to avoid the application of a, b, or c. ...