I-3 - Taxation Act

Section 924.3 Disposition versions

2010-04-20

924.3. Unless the Minister has waived in writing the application of this section with respect to all or any portion of the amount determined in section 924.2, that section does not apply in respect of an individual who is an annuitant under a registered retirement savings plan if

(a)  after the death of the individual, a trust governed by the plan held an investment that was a non-qualified investment for the purposes of section 146 of the Income Tax Act (R.S.C. 1985, c. 1, (5th Suppl.)); or

(b)  the last payment out of or under the plan was made after the end of the year following the year in which the individual died.

2010, c. 5, s. 90.