I-3 - Taxation Act

Section 965.0.11 Disposition versions

2006-03-01

965.0.11. An amount is transferred from a registered pension plan in accordance with this section if the following conditions are satisfied:

(a)  the amount is a single amount no portion of which relates to an actuarial surplus,

(b)  the amount is transferred on behalf of an individual who is entitled to the amount as a consequence of the death of a member of the plan and who was a spouse or former spouse of the member at the date of the member’s death, and

(c)  the amount is transferred directly to

i.  another registered pension plan for the benefit of the individual,

ii.  a registered retirement savings plan under which the individual is the annuitant, within the meaning of paragraph b of section 905.1, or

iii.  a registered retirement income fund under which the individual is the annuitant, within the meaning of paragraph d of section 961.1.5.

1991, c. 25, s. 157; 1994, c. 22, s. 300.