I-3 - Taxation Act

Section 965.0.24.1 Disposition versions

2021-06-02

965.0.24.1. Where a member of a pooled registered pension plan or an employer in relation to the plan has, at any time in a taxation year, received a distribution from the member’s account under the plan that is a return of a contribution described in clause A or B of subparagraph ii of paragraph d of subsection 3 of section 147.5 of the Income Tax Act (R.S.C. 1985, c. 1 (5th Suppl.)), the contribution is deemed not to be a contribution made by the member or the employer, as the case may be, to the plan to the extent that the contribution is not deducted in computing the member’s or the employer’s income, as the case may be, for the year or a preceding taxation year.

2021, c. 14, s. 111.