Search - contravene

Advantages which remain in the plan (such as bonus interest earned on the plan's investments) are not considered to be granted to the annuitant, and therefore do not contravene the provision. ...

If the advantage remains in the RRSP, such as the earning of bonus interest in the plan or a contribution of property into the RRSP, this would not contravene the aforementioned provision. ...

An amendment to existing RRSP plans to allow for such reimbursements would not, in our view, contravene the registration requirements contained in subsection 146(2) of the Act. ...

The confidentiality of such information is protected by subsection 241(1) of the Income Tax Act and subsection 239(2.2) of the Income Tax Act provides that any person who contraveners subsection 241(1) is liable to a fine of $5000, imprisonment for 12 months, or both. ...

Advantages which remain in the plan are not considered to be granted to the annuitant and therefore do not contravene the provision.  ...

Generally speaking, it is our view that where the benefit in question is extended to a trust governed by a registered retirement income fund ("RRIF"), the extension of the benefit to the RRIF trust will not contravene the condition for acceptance for registration in paragraph 146.3(2)(g) of the Act. ...

Although the company has issued shares that contravene the provisions of the BC Act, there is no provision, to our knowledge, to nullify this exchange. ...

Advantages which remain in the plan are not considered to be granted to the annuitant and therefore do not contravene the provision. ...

7 December 1991 Income Tax Severed Letter- Teacher funded hold back leave plan Unedited CRA Tags none Dear Sirs: Re: Teacher-Funded Hold Back Leave Plan We are writing in reply to your letter of September 18, 1991, in which you ask whether it would contravene the Income Tax Act (the "Act") to permit an employee to defer 50% of his or her salary under a plan such as the one named above. ...

Advantages which remain in the plan are not considered to be granted to the annuitant and therefore do not contravene the provision. ...