Canada Disability Savings Act

Marginal note:Definitions

• 2 (1) The following definitions apply in this Act.

  Canada child benefit

  Canada child benefit means a deemed overpayment under Subdivision A.1 of Division E of Part I of the Income Tax Act. (allocation canadienne pour enfants)

  Canada Disability Savings Bond

  Canada Disability Savings Bond means the bond payable or paid under section 7. (bon canadien pour l’épargne-invalidité)

  Canada Disability Savings Grant

  Canada Disability Savings Grant means the grant payable or paid under section 6. (subvention canadienne pour l’épargne-invalidité)

  child tax benefit

  child tax benefit[Repealed, 2016, c. 12, s. 114]

  contribution

  contribution[Repealed, 2010, c. 12, s. 26]

  family income

  family income means the income determined by the Minister in accordance with the definition adjusted income in section 122.6 of the Income Tax Act by using the information provided by the Minister of National Revenue for that purpose. (revenu familial)

  first threshold

  first threshold for a particular year means the dollar amount referred to in paragraph 117(2)(a) of the Income Tax Act, as adjusted under that Act for the particular year. (premier seuil)

  phase-out income

  phase-out income for a particular year means

  • (a) if the particular year is before 2017, the amount determined by the formula

    A – (B/0.122)

    where

    A

    is the first threshold for the particular year, and

    B

    is the amount referred to in paragraph (a) of the description of F in subsection 122.61(1) of the Income Tax Act, as that subsection read on January 1, 2016, as adjusted under that Act for the particular year; or

  • (b) if the particular year is 2017 or any subsequent year, the dollar amount referred to in paragraph (a) of the description of Q in subsection 122.61(1) of the Income Tax Act, as adjusted under that Act for the particular year. (revenu de transition)

  second threshold

  second threshold for a particular year means the higher dollar amount referred to in paragraph 117(2)(b) of the Income Tax Act, as adjusted under the Act for the particular year. (deuxième seuil)

• Marginal note:Income Tax Act expressions

  (2) Unless a contrary intention appears, in this Act

  • (a) the expressions adjusted income, eligible individual and qualified dependant have the same meanings as in section 122.6 of the Income Tax Act;

  • (b) the expressions contribution, designated provincial program, DTC-eligible individual, holder, issuer, registered disability savings plan, specified year and specified disability savings plan have the same meanings as in section 146.4 of that Act; and

  • (c) any other expression has the same meaning as in that Act.