Tax wiki
s. 207.061
PART XI.01 — Taxes in Respect of Registered Plans
Income inclusion
Not yet annotated · Text current to 2026-06-21 · section last amended 2013-12-12
Current text
A holder of a TFSA shall include in computing the holder’s income for a taxation year under Part I any portion of a distribution made in the year that is described in subparagraph (a)(ii) of the definition specified distribution in subsection 207.01(1) or subparagraph 207.06(1)(b)(ii) or that is specified by the Minister as part of an agreement to waive or cancel a liability for tax under this Part.
Source: Justice Laws Website. Not an official version.
Historic text
Immediately preceding version, in force from 2010-12-15 to 2013-12-11:
Show the text in force 2010-12-15 to 2013-12-11
Income inclusion
207.061 A holder of a TFSA shall include in computing the holder’s income for a taxation year under Part I the total of all amounts each of which is the portion of a distribution made in the year that is described in
(a) subparagraph 207.06(1)(b)(ii);
(b) subsection 207.06(3); or
(c) subparagraph (a)(ii) of the definition specified distribution.
- [NOTE: Application provisions are not included in the consolidated text
- see relevant amending Acts and regulations.]
- 2010, c. 25, s. 61
Earlier versions: Justice Laws point-in-time versions of the Act (from 31 August 2004), and CanLII (under “Versions”). On Justice Laws, each version of section 207.061 links to the one before it.
Enacting and amending legislation
- 2010, c. 25, s. 61; 2013, c. 40, s. 78
Text before 2004 is found in the annual Statutes of Canada cited above. Application and coming-into-force provisions are not part of the consolidation; see the amending Acts.
Cross-references
Citation
Income Tax Act, R.S.C. 1985, c. 1 (5th Supp.), s. 207.061.