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Income Tax Regulations

Version of section 214 from 2023-06-22 to 2024-05-01:

  •  (1) Every person who pays any of the following amounts shall make an information return in prescribed form:

    • (a) an amount that is required by subsection 146(8) of the Act to be included in computing the income of a taxpayer for a taxation year;

    • (b) an amount that is an eligible amount, within the meaning of subsection 146.01(1) of the Act; or

    • (c) an amount that is an eligible amount, within the meaning of subsection 146.02(1) of the Act.

  • (1.1) The issuer of a registered retirement savings plan shall make an information return in prescribed form for each calendar year containing the total fair market value of all property held by the plan at the end of the year.

  • (2) If, in a taxation year, subsection 146(7), (9) or (10) of the Act or, in relation to a non-qualified investment, subsection 207.04(1) or (4) of the Act applies in respect of a trust governed by a registered retirement savings plan, the trustee of the plan shall make an information return in prescribed form.

  • (3) Where, in respect of an amended plan referred to in subsection 146(12) of the Act, an amount is required to be included in computing the income of a taxpayer for a taxation year, the issuer of the plan shall make an information return in prescribed form.

  • (4) Where subsection 146(8.8) of the Act deems an amount to be received by an annuitant as a benefit out of or under a registered retirement savings plan and such amount is required by subsection 146(8) of the Act to be included in computing the income of that annuitant for a taxation year, the issuer of the plan shall make an information return in prescribed form.

  • (5) If a payment or transfer of property to which paragraph 146(16)(b) of the Act applies is made from a plan, the issuer of the plan shall make an information return in prescribed form in respect of the payment or transfer.

  • (6) Where an amount may be deducted under subsection 146(8.92) of the Act in computing the income of a deceased annuitant under a registered retirement savings plan, the issuer of the plan shall make an information return in prescribed form in respect of the amount.

  • (7) In this section, annuitant and issuer have the meanings assigned by subsection 146(1) of the Act.

  • [NOTE: Application provisions are not included in the consolidated text
  • see relevant amending Acts and regulations.]
  • SOR/80-502, s. 3
  • SOR/83-866, s. 5
  • SOR/88-165, s. 31(F)
  • SOR/92-51, s. 3
  • SOR/2001-188, s. 2
  • SOR/2003-5, s. 5
  • SOR/2005-264, s. 1
  • 2009, c. 2, s. 86
  • 2011, c. 24, s. 76
  • 2023, c. 26, s. 100

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