I-3 - Taxation Act

Section 965.0.5 Disposition versions

2022-06-08

965.0.5. An amount is transferred from a registered pension plan in accordance with this section if the following conditions are satisfied:

(a)  the amount is a single amount,

(b)  the amount is transferred on behalf of a member in full or partial satisfaction of his entitlement to benefits under a money purchase provision of the plan as registered, and

(c)  the amount is transferred directly to

i.  another registered pension plan to provide benefits in respect of the member under a money purchase provision of that plan,

ii.  a registered retirement savings plan under which the member is the annuitant, within the meaning of paragraph b of section 905.1,

iii.  a registered retirement income fund under which the member is the annuitant, within the meaning of paragraph d of section 961.1.5, or

iv.  a licensed annuities provider to acquire an advanced life deferred annuity for the benefit of the member.

1991, c. 25, s. 157; 1994, c. 22, s. 295; 2022, c. 23, s. 84.

2006-03-01

965.0.5. An amount is transferred from a registered pension plan in accordance with this section if the following conditions are satisfied:

(a)  the amount is a single amount,

(b)  the amount is transferred on behalf of a member in full or partial satisfaction of his entitlement to benefits under a money purchase provision of the plan as registered, and

(c)  the amount is transferred directly to

i.  another registered pension plan to provide benefits in respect of the member under a money purchase provision of that plan,

ii.  a registered retirement savings plan under which the member is the annuitant, within the meaning of paragraph b of section 905.1, or

iii.  a registered retirement income fund under which the member is the annuitant, within the meaning of paragraph d of section 961.1.5.

1991, c. 25, s. 157; 1994, c. 22, s. 295.