I-3 - Taxation Act

Section 905.0.3.3 Disposition versions

2015-10-21

905.0.3.3. If a dispute arises as a result of a disability savings plan issuer’s acceptance of a qualifying family member who was a qualifying person in relation to the beneficiary at the time the plan (or another registered disability savings plan of the beneficiary) was entered into solely because of the application of paragraph c of the definition of “qualifying person” in the first paragraph of section 905.0.3 as a holder of the plan, from the time the dispute arises until the time that the dispute is resolved or a person becomes the holder of the plan under section 905.0.3.1 or 905.0.3.2, the holder of the plan shall make every effort to avoid any reduction in the fair market value of the property held by the plan trust, having regard to the reasonable needs of the beneficiary under the plan.

2013, c. 10, s. 72; 2015, c. 21, s. 339.

2013-06-05

905.0.3.3. If a dispute arises as a result of an issuer’s acceptance of a qualifying family member who is a qualifying person solely because of the application of paragraph c of the definition of “qualifying person” in section 905.0.3 as a holder of a disability savings plan, from the time the dispute arises until the time that the dispute is resolved or a person becomes the holder of the plan under section 905.0.3.1 or 905.0.3.2, the holder of the plan shall make every effort to avoid any reduction in the fair market value of the property held by the plan trust, having regard to the reasonable needs of the beneficiary under the plan.

2013, c. 10, s. 72.