Tax wiki
s. 207.63
PART XI.3 — Tax in Respect of Retirement Compensation Arrangements
Joint liability
Not yet annotated · Text current to 2026-06-21 · section last amended 2012-12-14
Current text
If a custodian of a retirement compensation arrangement is liable to pay a tax under section 207.61 or 207.62, a specified beneficiary of the arrangement is jointly and severally, or solidarily, liable for that tax to the extent that the specified beneficiary participated in, assented to or acquiesced in the making of, the transaction or event or series of transactions or events that resulted in the liability.
Source: Justice Laws Website. Not an official version.
Historic text
This section has not been amended since it was enacted (2012, c. 31, s. 45), so there is no earlier version.
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 207.63 links to the one before it.
Enacting and amending legislation
- 2012, c. 31, s. 45
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
This section refers to
References are generated from the statutory text and list other sections of the Act only.
Citation
Income Tax Act, R.S.C. 1985, c. 1 (5th Supp.), s. 207.63.