Common use of Social Insurance Number Clause in Contracts

Social Insurance Number. a. Subparagraph 146.1(2)(g.3)(i) of the Tax Act permits an individual to be designated as a Beneficiary only if the individual’s Social Insurance Number is provided to the promoter before the designation is made and the individual is resident in Canada when the designation is made, or the designation is made in conjunction with a transfer of property into the plan from another registered education savings plan under which the individual was a Beneficiary immediately before the transfer. b. Subparagraph 146.1(2)(g.3)(ii) of the Tax Act permits a Contribution to the Plan in respect of an individual who is a Beneficiary only if the individual’s Social Insurance Number is provided to the Promoter before the Contribution is made and the individual is resident in Canada, or where the Contribution is made by way of a transfer from another registered education savings plan under which the individual was a Beneficiary immediately before the transfer. c. Paragraph 146.1(2.3)(a) of the Tax Act does not require an individual’s Social Insurance Number to be provided in respect of a Contribution to the Plan, if the Plan was entered into before 1999. Such Contributions continue to be ineligible for Government Funded Benefits, and the Social Insurance Number exception is relevant only for an existing Beneficiary under such plans. d. Paragraph 146.1(2.3)(b) of the Tax Act does not require an individual’s Social Insurance Number to be provided in respect of a designation of a non-resident individual as a Beneficiary under the plan, if the individual was not assigned a Social Insurance Number before the designation is made.

Social Insurance Number. a. Subparagraph 146.1(2)(g.3)(i) of the Tax Act permits an individual to be designated as a Beneficiary only if the individual’s Social Insurance Number is provided to the promoter Promoter before the designation is made and the individual is resident in Canada when the designation is made, or the designation is made in conjunction with a transfer of property into the plan Plan from another registered education savings plan under which the individual was a Beneficiary immediately before the transfer. b. Subparagraph 146.1(2)(g.3)(ii) of the Tax Act permits a Contribution to the Plan in respect of an individual who is a Beneficiary only if the individual’s Social Insurance Number is provided to the Promoter before the Contribution is made and the individual is resident in Canada, or where the Contribution is made by way of a transfer from another registered education savings plan under which the individual was a Beneficiary immediately before the transfer. c. Paragraph 146.1(2.3)(a) of the Tax Act does not require an individual’s Social Insurance Number to be provided in respect of a Contribution to the Plan, if the Plan was entered into before 1999. Such Contributions continue to be ineligible for Government Funded Benefits, and the Social Insurance Number exception is relevant only for an existing Beneficiary Beneficiaries under such plans. d. Paragraph 146.1(2.3)(b) of the Tax Act does not require an individual’s Social Insurance Number to be provided in respect of a designation of a non-resident individual as a Beneficiary under the planPlan, if the individual was not assigned a Social Insurance Number before the designation is made.