Archived - Legislative Proposals, Explanatory Notes and Overview Relating to Registered Disability Savings Plans

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Published by
The Honourable James M. Flaherty, P.C., M.P.
Minister of Finance

October 2007


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Table of Contents


Clause in Legislation

Section of the Act Amended

Topic


Part 1
Amendments Relating to Income Tax
Income Tax Act
1 4(3) Deductions applicable
2 18(11) Deductions - limitation
3 40(2) Gains and losses - limitations
4 56(1) Income inclusions - registered disability savings plan payments
5 60(z) Deduction - repayment under the Canada Disability Savings Act
6 74.5(12) Attribution rules
7 75(3) Attribution rules - trusts
8 107.4(1) Qualifying disposition
9 108(1) Definition "trust"
10 122.5(1) GST credit
11 122.6 Canada Child Tax Benefit
12 128.1(10) Changes in residence
13 132.2(3) Mutual fund qualifying exchanges
14 146.4 Registered disability savings plans
15 149(1) Trusts under registered disability savings plans
16 153(1) Withholding
17 160.2 Joint and several liability
18 180.2(1) Tax on old age security benefits
19 Part XI Taxes in respect of registered disability savings plans
20 212(1) Non-resident withholding tax
21 241(4) Where taxpayer information may be disclosed
22 248(1) Definitions
23 253.1 Investments in limited partnerships
Income Tax Regulations
24 221(2) Information returns
25 and 26 Part XLIX Qualified investments
Consequential Amendments and Coming Into Force
27 144 Employment Insurance Act - definitions
28 2 Old Age Security Act - definitions
29 Coming into force of Part 1

Part 2
Disability Savings
Enactment of Act
30 1 to 15 Canada Disability Savings Act
Consequential Amendment and Coming Into Force
31 10(2) Children's Special Allowances Act
32 Coming into force of Part 2

Explanatory notes relating to income tax - Part 1

Overview of the Proposed Canada Disability Savings Bonds and Grants - Part 2