Section 204.2

Subsection 204.2(1.1)

Locations of other summaries		Wordcount
Tax Topics - Income Tax Act - Section 146 - Subsection 146(1) - Earned Income - Paragraph (a) - Subparagraph (a)(i)	termination payment was not earned income	74

Locations of other summaries		Wordcount
Tax Topics - Income Tax Regulations - Regulation 4801 - Paragraph 4801(a) - Subparagraph 4801(a)(i) - Clause 4801(a)(i)(A)	distribution of units that included significant purchases by minors and by adults who did not pay for their own units, was unlawful	756
Tax Topics - Income Tax Act - Section 245 - Subsection 245(4)	purported establishment of “alter ego” MFTs through which an RRSP could invest in operating businesses was an abuse engaging GAAR	605
Tax Topics - General Concepts - Window Dressing	window-dressing is a deception about intention	312
Tax Topics - Income Tax Act - Section 207.1 - Subsection 207.1(1)	non-qualified investments not “included” in annuitant’s income because it was never assessed	346
Tax Topics - Income Tax Act - Section 152 - Subsection 152(4)	CRA’s assessing listed taxable RRSPs in a T3GR global return was not of the taxpayer’s (also listed) RRSP /inappropriate reliance in legal opinion on certificate of fact was carelessness	441
Tax Topics - Income Tax Act - Section 207.2 - Subsection 207.2(3)	CRA’s assessment of Pt. XI.1 shown on the T3GR for all RRSPs of one type did not start the normal reassessment period for the taxpayer’s RRSP since no tax shown for it	370
Tax Topics - Income Tax Regulations - Regulation 4900 - Subsection 4900(1) - Paragraph 4900(1)(d.2)	distribution was not lawful because the issuer had not complied with the OM exemption, which was the exemption that it had chosen to rely on	290

Locations of other summaries		Wordcount
Tax Topics - Income Tax Act - Section 146 - Subsection 146(1) - Unused RRSP Deduction Room	CRA had no authority to eliminate unused RRSP contributions as being excess contributions	156

What is the impact of an amount withdrawn from an RRSP on element J of the algebraic formula in s. 204.2(1.2)? CRA responded:

The term...

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Locations of other summaries		Wordcount
Tax Topics - Income Tax Act - Section 204.1 - Subsection 204.1(2.1)	s. 204.1(2.1) tax ceases when, at the end of the month, there is no cumulative excess amount in respect of RRSPs	128

"A contribution to an RRSP will generally not be considered to have been made until the financial institution to which an amount is sent accepts...

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The taxpayer claiming investment counsel fees must be the legal owner, i.e., the RRSP trustee, rather than the annuitant. If the annuitant pays...

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The 1% monthly tax under s. 204.2(2.1) is imposed on the “cumulative excess amount in respect of RRSPs” (the “cumulative excess”). A...

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