Pension Diversion Regulations

12 For the purposes of the definition net pension benefit in subsection 32(1) of the Act, the prescribed deductions shall be

• (a) any arrears of income tax required to be retained pursuant to section 224.1 of the Income Tax Act and any amount required to be withheld as income tax in relation to a recipient domiciled outside of Canada or in relation to a lump sum payment;

• (b) any amount deducted from the recipient’s pension benefit for shortage of current pension contributions, arrears of contributions for elective service and shortage of arrears of pension contributions;

• (c) any amount deducted from the recipient’s pension benefit pursuant to an Act of Parliament, but not including

  • (i) income tax, other than the income tax deduction set out in paragraph (a), and

  • (ii) any pension diversion made pursuant to Part II of the Act;

• (d) any amount deducted from the recipient’s pension benefit as a premium payment for a health care or hospital insurance plan;

• (e) any amount deducted from the recipient’s pension benefit as a premium payment for a group life insurance plan listed in Schedule I; and

• (f) any amount deducted from the recipient’s pension benefit for supplementary death benefit contributions or shortages of such contributions.