I-3 - Taxation Act

Section 930 Disposition versions

2009-06-04

930. If an amount paid out of or under a registered retirement savings plan is received by the legal representative of a deceased individual who was an annuitant under the plan and that amount would have been a refund of premiums had it been paid under the plan to an individual who is a beneficiary, within the meaning of the second paragraph of section 646, of the annuitant’s succession, that amount is, to the extent that it is so designated jointly by the legal representative and the individual in the prescribed form filed with the Minister, deemed to be received by the individual and not by the legal representative, at the time it is so received by the legal representative, as a benefit that is a refund of premiums.

1973, c. 17, s. 109; 1980, c. 13, s. 86; 1988, c. 18, s. 85; 1998, c. 16, s. 251; 2001, c. 53, s. 193; 2009, c. 15, s. 169.

2006-03-01

930. Where an amount paid out of or under a registered retirement savings plan is received by the legal representative of a deceased individual who was an annuitant under the plan and a portion of that amount would have been a refund of premiums had it been paid under the plan to a beneficiary of the annuitant’s succession, that portion of the amount is, to the extent that it is so designated jointly by the legal representative and the beneficiary in the prescribed form filed with the Minister, deemed to be received by the beneficiary and not by the legal representative, at the time it is so received by the legal representative, as a benefit that is a refund of premiums.

1973, c. 17, s. 109; 1980, c. 13, s. 86; 1988, c. 18, s. 85; 1998, c. 16, s. 251; 2001, c. 53, s. 193.