I-3, r. 1 - Regulation respecting the Taxation Act

Section 1029.8.9.1r5 Disposition versions

2012-09-01

1029.8.9.1R5. Where, during a taxation year ending in a particular calendar year, a corporation employs an individual who is a specified employee of the corporation, the corporation is associated with another corporation during a taxation year of the other corporation ending in the particular calendar year and the individual is an employee of the other corporation during that taxation year of the other corporation, the total of the amounts that may be included, for the salary or wages of the individual, in computing the aggregate referred to in section 1029.8.9.1R1 by the corporation and by any other corporation associated with it, for their respective taxation year ending in the particular calendar year, may not exceed the product obtained by multiplying 2.5 by the Maximum Pensionable Earnings, as determined under section 40 of the Act respecting the Québec Pension Plan (chapter R-9), for the particular calendar year.

s. 1029.8.9.1R5; O.C. 1707-97, s. 76; O.C. 1454-99, s. 46; O.C. 134-2009, s. 1.