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

Section 350.2r2 Disposition versions

2023-03-15

350.2R2. (Revoked).

s. 350.2R4; O.C. 1155-2004, s. 25; O.C. 134-2009, s. 1; S.Q. 2023, c. 2, s. 104.

2012-09-01

350.2R2. For the purposes of subparagraph i of subparagraph a of the first paragraph of section 350.2 of the Act, the amount that an individual receives or the value of a benefit that the individual receives or enjoys for a period in a taxation year may not exceed the lesser of

(a)  the aggregate of

i.  the value of the assistance provided during the period by the individual’s employer in respect of the travelling expenses for the trips each of which is a trip that may reasonably be considered to relate to that period and was made by a person who was a member of the individual’s household at the time the trip was made, and

ii.  the amount received during the period by the individual from the individual’s employer in respect of the travelling expenses for the trips each of which is a trip that may reasonably be considered to relate to that period and was made by a person who was a member of the individual’s household at the time the trip was made; and

(b)  the aggregate of the individual’s travel expenses for that period, in respect of a person who was a member of the individual’s household at any time in the period.

s. 350.2R4; O.C. 1155-2004, s. 25; O.C. 134-2009, s. 1.