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Second
Session, 46th General Assembly 58
Elizabeth II, 2009 |
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AN ACT TO AMEND THE
INCOME TAX SAVINGS PLANS ACT |
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Received and Read the First Time................................................................................................... |
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Second |
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Committee............................................................................................................................................ |
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Third |
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Royal Assent...................................................................................................................................... |
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HONOURABLE
KEVIN O'BRIEN Minister
of Government Services |
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Ordered
to be printed by the Honourable House of Assembly |
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EXPLANATORY NOTE This Bill would amend the Income Tax Savings Plans Act to recognize the designation of beneficiaries made by holders of tax-free savings accounts. |
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A BILL AN ACT TO AMEND THE INCOME TAX SAVINGS PLANS ACT Analysis 1.
S.2 Amdt. Be it enacted by the Lieutenant-Governor and House of Assembly in Legislative Session convened, as follows: RSNL1990 cI-2 1. Paragraph 2(d) of the Income Tax Savings Plans Act is repealed and the following substituted: (d) "savings plan" means (i) a retirement savings
plan as defined by the Income Tax Act ( (ii) a retirement income
fund as defined by the Income Tax Act ( (iii) a tax-free savings
account as defined by the Income Tax Act ( ŠEarl G. Tucker, Queen's Printer |