935.15. An individual shall in computing the individual’s income for a particular taxation year that begins after 31 December 2000 include the amount determined by the formula
[(A − B − C) / (10 − D)] − E.
In the formula provided for in the first paragraph, (a) A is i. nil, if (1) the individual died or ceased to be resident in Canada in the particular year, or
(2) the beginning of the particular year is not included in a repayment period of the individual, and
ii. in any other case, the aggregate of all eligible amounts received by the individual in preceding taxation years, other than taxation years in participation periods of the individual that ended before the particular year;
(b) B is i. nil, if the particular year is the first taxation year in a repayment period of the individual, and
ii. in any other case, the aggregate of all amounts designated under section 935.14 by the individual for preceding taxation years, other than taxation years in participation periods of the individual that ended before the particular year;
(c) C is the aggregate of all amounts each of which is included under this section or section 935.16 in computing the individual’s income for a preceding taxation year, other than a taxation year included in a participation period of the individual that ended before the particular year;
(d) D is the lesser of nine and the number of taxation years of the individual that end in the period that begins at the beginning of the individual’s last repayment period that began at or before the beginning of the particular year and ends at the beginning of the particular year; and
(e) E is i. if the particular year is the first taxation year within a repayment period of the individual, the aggregate of the amount designated under section 935.14 by the individual for the particular year and all amounts so designated for preceding taxation years, other than taxation years in participation periods of the individual that ended before the particular year, and
ii. in any other case, the amount designated under section 935.14 by the individual for the particular year.