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ontario regulation 422/08

made under the

Ontario Disability Support Program Act, 1997

Made: December 3, 2008
Filed: December 5, 2008
Published on e-Laws: December 8, 2008
Printed in The Ontario Gazette: December 20, 2008


Amending O. Reg. 222/98

(General)

1. Subsection 28 (1) of Ontario Regulation 222/98 is amended by adding the following paragraph:

26.1 Funds held in a registered disability savings plan as defined in subsection 146.4 (1) of the Income Tax Act (Canada).

2. Section 42 of the Regulation is amended by adding the following paragraph:

17. A payment under the Canada Disability Savings Act that is paid into a registered disability savings plan.

3. (1) Subparagraph 9 ii of subsection 43 (1) of the Regulation is revoked and the following substituted:

ii. education or training expenses that are approved by the Director and that,

A. are incurred with respect to a member of the benefit unit because of that person’s disability, and

B. are not and will not be otherwise reimbursed.

(2) Paragraph 13 of subsection 43 (1) of the Regulation is amended by striking out “$5,000” and substituting “$6,000”.

(3) Subsection 43 (1) of the Regulation is amended by adding the following paragraphs:

15.4 A gift or voluntary payment received for the purpose of making a contribution to a registered disability savings plan, if the gift or payment is contributed as soon as practicable into a registered disability savings plan exempt under paragraph 26.1 of subsection 28 (1).

15.5 The interest earned from and reinvested into a registered disability savings plan that is exempt under paragraph 26.1 of subsection 28 (1).

15.6 Payments from a registered disability savings plan that is exempt under paragraph 26.1 of subsection 28 (1).

(4) Section 43 of the Regulation is amended by adding the following subsection:

(5.1) The exemption from income under paragraph 15.4 of subsection (1) does not include gifts or payments contributed to a registered disability savings plan if the contributions fail to comply with the condition required under subparagraph 146.4 (4) (g) (iii) of the Income Tax Act (Canada).

4. This Regulation comes into force on the day it is filed.

 

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