Translation of "Régime de participation différée aux bénéfices " (French → English) :

Election under subsection 147(10.1) in Respect of a Single Payment Received from a Deferred Profit Sharing Plan

deferred profit-sharing plan | DPSP

Deferred Profit Sharing Plan or Revoked Plan Information Return and Income Tax Return

deferred profit-sharing pension plan

deferred profit sharing/investment funds | DPS [Abbr.]

profit-sharing plan | profit-sharing scheme

trust under an employees profit sharing plan

community of conquests, of acquisitions

(11) Where an employees profit sharing plan is accepted for registration by the Minister as a deferred profit sharing plan, the taxation year of the trust governed by the employees profit sharing plan shall be deemed to have ended immediately before the plan is deemed to have become registered as a deferred profit sharing plan pursuant to subsection 147(5).

(12) For the purposes of subsections 147(10) and 147(10.1), where an amount was received in a taxation year from a trustee under a deferred profit sharing plan by an employee or other beneficiary thereunder, and the employee has made a payment in the year or a previous year to a trustee under the plan at a time when the plan was a deferred profit sharing plan, the amount determined for the year under this subsection in relation to the plan and in respect of the beneficiary is such portion of the total of the amounts so received in the year (minus any amount determined for the year under subsection 147(11) in relation to the plan and in r ...[+++]espect of the beneficiary) as does not exceed

(21) A deferred profit sharing plan becomes a revocable plan at any time that an amount is transferred from the plan to a registered pension plan, a registered retirement savings plan or another deferred profit sharing plan unless

(15) For the purposes of subparagraph (b)(ii) of the description of A in subsection (2), paragraph (2.1)(b) and subparagraph (4)(b)(iv), an amount transferred for the benefit of an individual from a registered pension plan or a deferred profit sharing plan directly to a registered pension plan, a registered retirement savings plan, a registered retirement income fund or a deferred profit sharing plan is deemed to be an amount that was not paid to the individual.