A-29.011, r. 3 - Regulation respecting parental insurance plan premiums

Section 6 Disposition versions

2012-09-01

6. The amount prescribed that is determined pursuant to section 4 for a pay period must not exceed the difference between the product obtained by multiplying the applicable premium rate by the maximum insurable earnings for the year and the total of the premiums deducted by the employer from the employee’s wages since the beginning of the year or that should have been deducted under this Regulation.

Despite the foregoing, if, during a year, an employer immediately succeeds another employer following the formation or winding-up of a legal person or following the acquisition of a major portion of the property of a business or of a separate part of a business, without there being an interruption of the services provided by an employee, the new employer must, for the purpose of applying the rule provided for in the first paragraph, take into account the premiums deducted from the employee’s wages since the beginning of the year by the preceding employer.

O.C. 1249-2005, s. 6.