I-3 - Taxation Act

Section 931.5 Disposition versions

2006-03-01

931.5. Section 931.1 does not apply

(a)  in respect of an individual at any time during the year in which the individual dies;

(b)  in respect of an individual where either the individual or his spouse is not resident in Canada at the time referred to in the said section;

(c)  in respect of amounts paid out of or under a new plan referred to in section 914 to which the first paragraph of the said section applied before 26 May 1976;

(d)  to any payment that is received in full or partial commutation of a registered retirement income fund or a registered retirement savings plan and in respect of which a deduction was made under paragraph f of section 339 if, where the deduction was in respect of the acquisition of an annuity, the terms thereof provide that it cannot be commuted, and it is not commuted, in whole or in part within three years after the acquisition thereof;

(e)  in respect of an amount that is deemed, under the first paragraph of section 915.2, to have been received by an annuitant under a registered retirement savings plan immediately before his death.

1978, c. 26, s. 171; 1988, c. 18, s. 88; 1991, c. 25, s. 136.