Specified RDSP Payment definition

Specified RDSP Payment means a payment that is made to the Plan after June 2011 that is designated, in prescribed form, by the Holder and the Beneficiary as a Specified RDSP Payment at the time the payment is made. The payment is an amount that originated from the registered retirement savings plan, registered retirement income fund, specified pension plan, pooled registered pension plan or registered pension plan of the Beneficiary’s deceased parent(s) or grandparent(s). The amount was paid as a refund of premiums, an eligible amount, or a payment (with exception to a payment that is part of a series of periodic payments or payments that relate to an actuarial surplus) because of the parent(s) or grandparent(s) death and the Beneficiary was financially dependent on the parent or grandparent because of a mental or physical infirmity at the time of their death.
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Specified RDSP Payment means a payment that is made to the Plan after June 2011 that is designated, in prescribed form, by the Holder and the Beneficiary as a Specified RDSP Payment at the time the payment is made. The payment is an amount that originated from the registered retirement savings plan, registered retirement income fund or registered pension plan of the Beneficiary’s deceased parent(s) or grandparent(s). The amount was paid as a refund of premiums, an eligible amount, or a payment (with exception to a payment that is part of a series of periodic payments or payments that relate to an actuarial surplus) because of the parent(s) or grandparent(s) death and the Beneficiary was financially dependent on the parent or grandparent because of a mental or physical infirmity at the time of their death.
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Specified RDSP Payment means a payment that is made to the Plan after
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Examples of Specified RDSP Payment in a sentence

  • Other than for the purposes of this section and for the purposes of section 10, a Specified RDSP Payment and an accumulated income payment from a registered education savings plan are not considered contributions to the Plan.

  • Registered Plan Rollover A "Specified RDSP Payment" is also known informally as a Rollover in the context of the RDSP program.

  • DEFINITIONSThe following terms have the same meaning as found in the RDSP Declaration of Trust: Account Holder; Assistance Holdback Amount; Beneficiary; Contribution; Disability Assistance Payments (DAPs); Disability Savings Plan (DSP); DTC Election; DTC Eligible Individual; Government Funded Benefits; Holder; Legislated Maximum Formula Result; Lifetime Disability Assistance Payments (LDAPs); Plan; Registered Disability Savings Plan (RDSP); Specified Maximum Amount; Specified RDSP Payment.

  • Other than for the purposes of this section, paragraphs 6.4(a), (b), and (c), and from January 1, 2014, paragraph (b) of the definition of "advantage" in subsection 205(1) of the Tax Act, a Specified RDSP Payment or an accumulated income payment made to the Plan under subsection 146.1(1.2) of the Tax Act is not considered a contribution to the Plan.

  • Where the Beneficiary is not a DTC Eligible Individual, a Specified RDSP Payment can be made into the Plan if there is a valid DTC-Election in respect of the Beneficiary.

  • Developer costs should be entirely recoverable from each upstream quarter at the time of initial subdivision.

  • Contributions may not be made into the Plan if the Beneficiary is not a DTC Eligible Individual in respect of the taxation year in which the contribution is made, unless the contribution is a Specified RDSP Payment in respect of the Beneficiary, or the Beneficiary died before that time.


More Definitions of Specified RDSP Payment

Specified RDSP Payment means a payment that is made to the Plan after June 2011 that is designated, in prescribed form, by the Accountholder and the Beneficiary as a Specified RDSP Payment at the time the payment is made. The payment is an amount that originated from the registered retirement savings
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Specified RDSP Payment means a payment that is made to the Plan after June 2011, that complies with section 4.1(a)(b), (c), (d),
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Specified RDSP Payment means a payment that is made to the Plan after June 2011 that is designated, in prescribed form, by the Accountholder and the Beneficiary as a Specified RDSP Payment at the time the payment is made. The payment is an amount that originated from the registered retirement savings plan, registered retirement income fund, specified pension plan, pooled registered pension plan or registered pension plan of the Beneficiary's deceased parent(s) or grandparent(s). The amount was paid as a refund of premiums, an eligible amount, or a payment (with exception to a payment that is part of a series of periodic payments or payments that relate to an actuarial surplus) because of the parent(s) or grandparent(s) death and the Beneficiary was financially dependent on the parent or grandparent because of a mental or physical infirmity at the time of their death. If the Beneficiary is not a DTC Eligible Individual, the payment must not be made later than the end of the fourth taxation year following the first taxation year throughout which the Beneficiary was not a DTC Eligible Individual.
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Related to Specified RDSP Payment

  • AHYDO Catch-Up Payment means any payment with respect to any obligations of the Borrower or any Restricted Subsidiary, including subordinated debt obligations, in each case to the extent such payment is necessary to avoid the application of Section 163(e)(5) of the Tax Code.

  • Upfront Payment has the meaning set forth in Section 4.1.

  • Available Excluded Contribution Amount means the aggregate amount of Cash or Cash Equivalents or the fair market value of other assets (as determined by the Borrower in good faith, but excluding any Cure Amount) received (or deemed received) by the Borrower or any of its Restricted Subsidiaries after the Closing Date from:

  • Specified Equity Contribution has the meaning specified in Section 8.04.

  • LWDA PAGA Payment means the 75% of the PAGA Penalties paid to the LWDA under Labor Code section 2699, subd. (i).

  • Deferred Sales Charge Payment Dates means the dates specified for deferred sales fee installments under "Investment Summary--Fees and Expenses" in the Prospectus for the Trust.

  • Recovered tax increment value means, except as otherwise