¹ A reference to a “registered plan” in this bulletin refers to the following: a registered retirement savings plan (RRSP); a registered retirement income fund (RRIF); a tax-free savings account (TFSA); a registered education savings plan (RESP); a registered disability savings plan (RDSP); and a tax-free first home savings account (FHSA).

² ITA s. 207.04. The existing tax under Part XI.01 of the ITA replaces the former tax under Part XI.1 of the ITA that was at issue in Grenon.

³ ITA s. 207.2(1).

⁴ ITA s. 150(1)(c).

⁵ ITA s. 152(4).

⁶ ITA s. 152(3.1)(b).

⁷ ITA ss. 150(1.2)(n), 150(1.1)(b).