Précis: The taxpayer was a registered Indian and his income as a tribe councillor and head of economic development for the Tlowitsis-Mumtagila First Nation was exempt from tax pursuant to section 81 of the ITA. He sought to deduct contributions of $3,210.00 to a registered pension plan (“RPP”) registered by his employer. The Court held that since his employment income was exempt from tax he could not deduct his RPP contributions against his other sources of income, which did not arise from employment. Thus the appeal was dismissed. There was no order as to costs since this was an informal procedure appeal.
Smith v. R. – TCC: Taxpayer could not deduct registered pension plan contributions again other sources of income when his employment income was exempt from tax under section 81 of the Income Tax Act (“ITA”)READ MORE »