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I-3 - Taxation Act

Section 895.1
Disposition versions

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895.1. Where property irrevocably held by a trust governed by a registered education savings plan, in this section referred to as the “transferor plan”, is transferred to a trust governed by another registered education savings plan, in this section referred to as the “transferee plan”, the following rules apply:
(a)  for the purposes of this section, the definition of “specified plan” in section 890.15 and paragraphs c.1, g and h of section 895, the transferee plan is deemed to have been entered into on the day on which the transferee plan was entered into or, if it is earlier, on the day on which the transferor plan was entered into; and
(b)  notwithstanding sections 904 and 904.1, no amount shall be included in computing the income of any person because of the transfer.
1993, c. 16, s. 307; 2000, c. 5, s. 198; 2005, c. 38, s. 212.
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