n finding that the taxpayer was not entitled to any PAR when he terminated his membership in the registered pension plan (“RPP”) of his employer ("TSX") because he was fully vested at that time, Spiro J stated (at para. 12):
In the context of a defined contribution RPP, such as the TSX RPP, the pension adjustment reversal (“PAR”) is an amount added to an individual’s RRSP contribution room when they cease to be a member of an RPP. In the context of this type of RPP, the PAR is limited to the amount of employer contributions to which the individual is not entitled when their membership in the RPP ends. In other words, the PAR is the amount of employer contributions that are unvested at the time membership in the RPP is terminated.