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I-3, r. 1 - Regulation respecting the Taxation Act
Section 1015r1
Disposition versions
1015R1. In this chapter,
“annual pay” means the product obtained by multiplying the amount of the remuneration for the pay period by the number of pay periods in the year;
“employee” means any person receiving a remuneration;
“employer” means any person paying a remuneration;
“pay” means a remuneration;
“pay period” means a one-week period, a two-week period, a semi-monthly period or a monthly period;
“personal tax credits” in respect of a taxation year means the product obtained by multiplying 100/14
(a) by the amount determined for the year in accordance with subparagraph b of the second paragraph of section 1015.3 of the Act with reference, where the year is subsequent to the year 2023, to the adjustment provided for in the third paragraph of that section; or
(b) where the employee has provided the employer with a return referred to in section 1015.3 of the Act, by the aggregate of all amounts that, according to the information set out in the most recent return referred to in section 1015.3 that the employee has provided to the employer, the employee
i. may deduct from the employee’s tax otherwise payable for the year under section 752.0.0.1 of the Act;
ii. would be entitled to deduct from the employee’s tax otherwise payable for the year under section 776.41.5 of the Act if subparagraphs a and b of the second paragraph of that section were read as follows:
“(a) A is
i. if the eligible spouse of the individual for the taxation year has not received any amount in the year that is an income replacement indemnity, or a compensation for the loss of financial support, determined under a public compensation plan and established on the basis of net income following an accident, employment injury, bodily injury or death or in order to prevent bodily injury, other than such an amount described in subparagraph b or c of the second paragraph of section 752.0.0.3, the amount obtained by multiplying either of the following amounts by the percentage provided for in subparagraph b of the second paragraph of section 750.1:
(1) where the taxation year is the year 2023, $17,183, or
(2) where the taxation year is a taxation year subsequent to the year 2023, the amount in dollars specified in subparagraph b of the second paragraph of section 1015.3 which, with reference to the third paragraph of that section, is applicable for that subsequent taxation year, and
ii. in all other cases, nil; and
“(b) B is the tax otherwise payable of the individual’s eligible spouse for the taxation year, computed without reference to the deductions provided for in this Book.”;
iii. is entitled to deduct from the employee’s tax otherwise payable under sections 752.0.1 and 752.0.7.1 to 752.0.8 of the Act, and
iv. may deduct from the employee’s tax otherwise payable for the year under section 752.0.14 of the Act, or that the employee would be entitled to deduct under that section if it were read without reference to subparagraph d of the first paragraph of that section;
“remuneration” means
(a) salary, wages, allowance, benefit or other advantage paid, allocated, granted or awarded to an employee or former employee;
(b) a payment of commissions or other similar amounts fixed by reference to the volume of the sales made or the contracts negotiated, referred to as “commissions” in this chapter, if the payment is made to an employee or former employee;
(c) pension benefits, including an annuity payment under a pension plan, except a distribution that
i. is from a pooled registered pension plan and is not required to be included in computing a taxpayer's income under section 313.13 of the Act, or
ii. is deemed to have been made under section 965.0.30 of the Act;
(d) a retiring allowance;
(e) a death benefit;
(f) a payment as a benefit under the Employment Insurance Act (S.C. 1996, c. 23) or a benefit under a supplementary unemployment benefit plan;
(g) a payment as a benefit under the Act respecting parental insurance (chapter A-29.011);
(h) an amount that is described in any of paragraphs e.2 to e.6 of section 311 of the Act, except the portion of the amount that relates to child care expenses and tuition costs;
(h.1) an amount paid under the program referred to in paragraph k.0.2 of section 311 of the Act;
(h.2) an amount paid under a program referred to in section 313.14 of the Act;
(i) a payment under a deferred profit sharing plan or a plan designated in subsection 15 of section 147 of the Income Tax Act (R.S.C. 1985, c. 1 (5th Suppl.)) as a revoked plan, reduced by the amounts determined under sections 883, 884 and 886 of the Act;
(j) an amount paid as proceeds of the surrender, cancellation or redemption of an income-averaging annuity contract;
(k) a payment made during the lifetime of an annuitant, within the meaning of paragraph d of section 961.1.5 of the Act, under a registered retirement income fund of the annuitant, other than a particular payment to the extent that
i. the particular payment is in relation to the minimum amount, within the meaning of paragraph c of that section 961.1.5, under the fund for a year, or
ii. where the fund governs a trust, the particular payment would be in relation to the minimum amount, within the meaning of paragraph c of that section 961.1.5, under the fund for a year if each amount that, at the beginning of the year, must be paid after the time of the particular payment and in the year to the trust under an annuity contract that is held by the trust both at the beginning of the year and at the time of the particular payment, is paid to the trust in the year;
(l) a payment made out of or under a registered retirement savings plan during the lifetime of an annuitant, within the meaning of paragraph b of section 905.1 of the Act, of such a plan for whom a retirement income is provided by the plan, other than a periodical annuity payment or a payment made by a person who has reasonable grounds to believe that the payment is deductible in computing an individual’s income under section 924 of the Act;
(m) a payment that is a benefit of a new plan referred to in section 914 of the Act or under such a plan, other than a periodical annuity payment or, where section 914 of the Act applies to the plan after 25 May 1976, a payment made in a year subsequent to the year in which that section 914 applies to the plan;
(n) a benefit referred to in section 311R1;
(o) a payment that is an amount that may be regarded as having been received, in whole or in part, as consideration for entering into a contract for performance of services to be rendered in Québec or for an undertaking not to enter into such a contract with a third party;
(p) an amount received from a retirement compensation arrangement or under such an arrangement;
(q) an amount referred to in section 43.2 of the Act, to the extent that it is not covered by paragraph a;
(r) a payment out of a registered education savings plan other than
i. a refund of contributions,
ii. an educational assistance payment, or
iii. an amount, up to $50,000, of an accumulated income payment that is made to a subscriber, as defined in section 1129.63 of the Act, or if there is no such subscriber at that time, that is made to a person that has been the spouse of an individual who was a subscriber, if
(1) that amount is transferred to a registered retirement savings plan in which the annuitant is either the recipient of the payment or the recipient’s spouse, and
(2) it is reasonable for the person making the payment to believe that that portion of the accumulated income payment is deductible for the year under sections 922 and 923 of the Act in computing the recipient’s income;
(s) a payment made in connection with the closing of a farm income stabilization account under sections 45 and 46 of the “Farm Income Stabilization Account” program established under the Act respecting La Financière agricole du Québec (chapter L-0.1);
(t) a disability assistance payment made from a registered disability savings plan;
(u) an amount that is required under section 313.15 of the Act to be included in computing a taxpayer’s income; and
(v) a payment described in subparagraph w of the second paragraph of section 1015 of the Act.
“tax credit for career extension” in respect of a taxation year means the product obtained by multiplying 100/14 by the amount that may be deducted in computing the employee’s income otherwise payable for the year under section 752.0.10.0.3 of the Act, according to the information indicated in the employee’s last return referred to in section 1015.3 of the Act furnished by the employee to the employer.
1015R1. In this chapter,
“annual pay” means the product obtained by multiplying the amount of the remuneration for the pay period by the number of pay periods in the year;
“employee” means any person receiving a remuneration;
“employer” means any person paying a remuneration;
“pay” means a remuneration;
“pay period” means a one-week period, a two-week period, a semi-monthly period or a monthly period;
“personal tax credits” in respect of a taxation year means the product obtained by multiplying 100/15
(a) by the amount determined for the year pursuant to the second paragraph of section 1015.3 of the Act with reference to the adjustment provided for in the third paragraph of that section; or
(b) where the employee has provided the employer with a return referred to in section 1015.3 of the Act, by the aggregate of all amounts that, according to the information set out in the most recent return referred to in section 1015.3 that the employee has provided to the employer, the employee
i. may deduct from the employee’s tax otherwise payable for the year under section 752.0.0.1 of the Act;
ii. would be entitled to deduct from the employee’s tax otherwise payable for the year under section 776.41.5 of the Act if subparagraphs a and b of the second paragraph of that section were read as follows:
“(a) A is
i. if the eligible spouse of the individual for the taxation year has not received any amount in the year that is an income replacement indemnity, or a compensation for the loss of financial support, determined under a public compensation plan and established on the basis of net income following an accident, employment injury, bodily injury or death or in order to prevent bodily injury, other than such an amount described in subparagraph b or c of the second paragraph of section 752.0.0.3, the amount obtained when the amount used for the year pursuant to the second and third paragraphs of section 1015.3 of the Act is multiplied by the percentage determined under section 750.1 of the Act for the year, and
ii. in all other cases, nil; and
“(b) B is the tax otherwise payable of the individual’s eligible spouse for the taxation year, computed without reference to the deductions provided for in this Book.”;
iii. is entitled to deduct from the employee’s tax otherwise payable under sections 752.0.1 and 752.0.7.1 to 752.0.8 of the Act, and
iv. may deduct from the employee’s tax otherwise payable for the year under section 752.0.14 of the Act, or that the employee would be entitled to deduct under that section if it were read without reference to subparagraph d of the first paragraph of that section;
“remuneration” means
(a) salary, wages, allowance, benefit or other advantage paid, allocated, granted or awarded to an employee or former employee;
(b) a payment of commissions or other similar amounts fixed by reference to the volume of the sales made or the contracts negotiated, referred to as “commissions” in this chapter, if the payment is made to an employee or former employee;
(c) pension benefits, including an annuity payment under a pension plan, except a distribution that
i. is from a pooled registered pension plan and is not required to be included in computing a taxpayer's income under section 313.13 of the Act, or
ii. is deemed to have been made under section 965.0.30 of the Act;
(d) a retiring allowance;
(e) a death benefit;
(f) a payment as a benefit under the Employment Insurance Act (S.C. 1996, c. 23) or a benefit under a supplementary unemployment benefit plan;
(g) a payment as a benefit under the Act respecting parental insurance (chapter A-29.011);
(h) an amount that is described in any of paragraphs e.2 to e.6 of section 311 of the Act, except the portion of the amount that relates to child care expenses and tuition costs;
(h.1) an amount paid under the program referred to in paragraph k.0.2 of section 311 of the Act;
(h.2) an amount paid under a program referred to in section 313.14 of the Act;
(i) a payment under a deferred profit sharing plan or a plan designated in subsection 15 of section 147 of the Income Tax Act (R.S.C. 1985, c. 1 (5th Suppl.)) as a revoked plan, reduced by the amounts determined under sections 883, 884 and 886 of the Act;
(j) an amount paid as proceeds of the surrender, cancellation or redemption of an income-averaging annuity contract;
(k) a payment made during the lifetime of an annuitant, within the meaning of paragraph d of section 961.1.5 of the Act, under a registered retirement income fund of the annuitant, other than a particular payment to the extent that
i. the particular payment is in relation to the minimum amount, within the meaning of paragraph c of that section 961.1.5, under the fund for a year, or
ii. where the fund governs a trust, the particular payment would be in relation to the minimum amount, within the meaning of paragraph c of that section 961.1.5, under the fund for a year if each amount that, at the beginning of the year, must be paid after the time of the particular payment and in the year to the trust under an annuity contract that is held by the trust both at the beginning of the year and at the time of the particular payment, is paid to the trust in the year;
(l) a payment made out of or under a registered retirement savings plan during the lifetime of an annuitant, within the meaning of paragraph b of section 905.1 of the Act, of such a plan for whom a retirement income is provided by the plan, other than a periodical annuity payment or a payment made by a person who has reasonable grounds to believe that the payment is deductible in computing an individual’s income under section 924 of the Act;
(m) a payment that is a benefit of a new plan referred to in section 914 of the Act or under such a plan, other than a periodical annuity payment or, where section 914 of the Act applies to the plan after 25 May 1976, a payment made in a year subsequent to the year in which that section 914 applies to the plan;
(n) a benefit referred to in section 311R1;
(o) a payment that is an amount that may be regarded as having been received, in whole or in part, as consideration for entering into a contract for performance of services to be rendered in Québec or for an undertaking not to enter into such a contract with a third party;
(p) an amount received from a retirement compensation arrangement or under such an arrangement;
(q) an amount referred to in section 43.2 of the Act, to the extent that it is not covered by paragraph a;
(r) a payment out of a registered education savings plan other than
i. a refund of contributions,
ii. an educational assistance payment, or
iii. an amount, up to $50,000, of an accumulated income payment that is made to a subscriber, as defined in section 1129.63 of the Act, or if there is no such subscriber at that time, that is made to a person that has been the spouse of an individual who was a subscriber, if
(1) that amount is transferred to a registered retirement savings plan in which the annuitant is either the recipient of the payment or the recipient’s spouse, and
(2) it is reasonable for the person making the payment to believe that that portion of the accumulated income payment is deductible for the year under sections 922 and 923 of the Act in computing the recipient’s income;
(s) a payment made in connection with the closing of a farm income stabilization account under sections 45 and 46 of the “Farm Income Stabilization Account” program established under the Act respecting La Financière agricole du Québec (chapter L-0.1);
(t) a disability assistance payment made from a registered disability savings plan; and
(u) an amount that is required under section 313.15 of the Act to be included in computing a taxpayer’s income;
“tax credit for experienced workers” in respect of a taxation year means the product obtained by multiplying 100/15 by the amount that may be deducted in computing the employee’s income otherwise payable for the year under section 752.0.10.0.3 of the Act, according to the information indicated in the employee’s last return referred to in section 1015.3 of the Act furnished by the employee to the employer.
1015R1. In this chapter,
“annual pay” means the product obtained by multiplying the amount of the remuneration for the pay period by the number of pay periods in the year;
“employee” means any person receiving a remuneration;
“employer” means any person paying a remuneration;
“pay” means a remuneration;
“pay period” means a one-week period, a two-week period, a semi-monthly period or a monthly period;
“personal tax credits” in respect of a taxation year means the product obtained by multiplying 100/15
(a) by the amount determined for the year pursuant to the second paragraph of section 1015.3 of the Act with reference to the adjustment provided for in the third paragraph of that section; or
(b) where the employee has provided the employer with a return referred to in section 1015.3 of the Act, by the aggregate of all amounts that, according to the information set out in the most recent return referred to in section 1015.3 that the employee has provided to the employer, the employee
i. may deduct from the employee’s tax otherwise payable for the year under section 752.0.0.1 of the Act;
ii. would be entitled to deduct from the employee’s tax otherwise payable for the year under section 776.41.5 of the Act if subparagraphs a and b of the second paragraph of that section were read as follows:
“(a) A is
i. if the eligible spouse of the individual for the taxation year has not received any amount in the year that is an income replacement indemnity, or a compensation for the loss of financial support, determined under a public compensation plan and established on the basis of net income following an accident, employment injury, bodily injury or death or in order to prevent bodily injury, other than such an amount described in subparagraph b or c of the second paragraph of section 752.0.0.3, the amount obtained when the amount used for the year pursuant to the second and third paragraphs of section 1015.3 of the Act is multiplied by the percentage determined under section 750.1 of the Act for the year, and
ii. in all other cases, nil; and
“(b) B is the tax otherwise payable of the individual’s eligible spouse for the taxation year, computed without reference to the deductions provided for in this Book.”;
iii. is entitled to deduct from the employee’s tax otherwise payable under sections 752.0.1 and 752.0.7.1 to 752.0.8 of the Act, and
iv. may deduct from the employee’s tax otherwise payable for the year under section 752.0.14 of the Act, or that the employee would be entitled to deduct under that section if it were read without reference to subparagraph d of the first paragraph of that section;
“remuneration” means
(a) salary, wages, allowance, benefit or other advantage paid, allocated, granted or awarded to an employee or former employee;
(b) a payment of commissions or other similar amounts fixed by reference to the volume of the sales made or the contracts negotiated, referred to as “commissions” in this chapter, if the payment is made to an employee or former employee;
(c) pension benefits, including an annuity payment under a pension plan, except a distribution that
i. is from a pooled registered pension plan and is not required to be included in computing a taxpayer's income under section 313.13 of the Act, or
ii. is deemed to have been made under section 965.0.30 of the Act;
(d) a retiring allowance;
(e) a death benefit;
(f) a payment as a benefit under the Employment Insurance Act (S.C. 1996, c. 23) or a benefit under a supplementary unemployment benefit plan;
(g) a payment as a benefit under the Act respecting parental insurance (chapter A-29.011);
(h) an amount that is described in any of paragraphs e.2 to e.6 of section 311 of the Act, except the portion of the amount that relates to child care expenses and tuition costs;
(h.1) an amount paid under the program referred to in paragraph k.0.2 of section 311 of the Act;
(h.2) an amount paid under a program referred to in section 313.14 of the Act;
(i) a payment under a deferred profit sharing plan or a plan designated in subsection 15 of section 147 of the Income Tax Act (R.S.C. 1985, c. 1 (5th Suppl.)) as a revoked plan, reduced by the amounts determined under sections 883, 884 and 886 of the Act;
(j) an amount paid as proceeds of the surrender, cancellation or redemption of an income-averaging annuity contract;
(k) a payment made during the lifetime of an annuitant, within the meaning of paragraph d of section 961.1.5 of the Act, under a registered retirement income fund of the annuitant, other than a particular payment to the extent that
i. the particular payment is in relation to the minimum amount, within the meaning of paragraph c of that section 961.1.5, under the fund for a year, or
ii. where the fund governs a trust, the particular payment would be in relation to the minimum amount, within the meaning of paragraph c of that section 961.1.5, under the fund for a year if each amount that, at the beginning of the year, must be paid after the time of the particular payment and in the year to the trust under an annuity contract that is held by the trust both at the beginning of the year and at the time of the particular payment, is paid to the trust in the year;
(l) a payment made out of or under a registered retirement savings plan during the lifetime of an annuitant, within the meaning of paragraph b of section 905.1 of the Act, of such a plan for whom a retirement income is provided by the plan, other than a periodical annuity payment or a payment made by a person who has reasonable grounds to believe that the payment is deductible in computing an individual’s income under section 924 of the Act;
(m) a payment that is a benefit of a new plan referred to in section 914 of the Act or under such a plan, other than a periodical annuity payment or, where section 914 of the Act applies to the plan after 25 May 1976, a payment made in a year subsequent to the year in which that section 914 applies to the plan;
(n) a benefit referred to in section 311R1;
(o) a payment that is an amount that may be regarded as having been received, in whole or in part, as consideration for entering into a contract for performance of services to be rendered in Québec or for an undertaking not to enter into such a contract with a third party;
(p) an amount received from a retirement compensation arrangement or under such an arrangement;
(q) an amount referred to in section 43.2 of the Act, to the extent that it is not covered by paragraph a;
(r) a payment out of a registered education savings plan other than
i. a refund of contributions,
ii. an educational assistance payment, or
iii. an amount, up to $50,000, of an accumulated income payment that is made to a subscriber, as defined in section 1129.63 of the Act, or if there is no such subscriber at that time, that is made to a person that has been the spouse of an individual who was a subscriber, if
(1) that amount is transferred to a registered retirement savings plan in which the annuitant is either the recipient of the payment or the recipient’s spouse, and
(2) it is reasonable for the person making the payment to believe that that portion of the accumulated income payment is deductible for the year under sections 922 and 923 of the Act in computing the recipient’s income;
(s) a payment made in connection with the closing of a farm income stabilization account under sections 45 and 46 of the “Farm Income Stabilization Account” program established under the Act respecting La Financière agricole du Québec (chapter L-0.1); and
(t) a disability assistance payment made from a registered disability savings plan;
“tax credit for experienced workers” in respect of a taxation year means the product obtained by multiplying 100/15 by the amount that may be deducted in computing the employee’s income otherwise payable for the year under section 752.0.10.0.3 of the Act, according to the information indicated in the employee’s last return referred to in section 1015.3 of the Act furnished by the employee to the employer.
1015R1. In this chapter,
“annual pay” means the product obtained by multiplying the amount of the remuneration for the pay period by the number of pay periods in the year;
“employee” means any person receiving a remuneration;
“employer” means any person paying a remuneration;
“pay” means a remuneration;
“pay period” means a one-week period, a two-week period, a semi-monthly period or a monthly period;
“personal tax credits” in respect of a taxation year means the product obtained by multiplying 100/15
(a) by the amount determined for the year pursuant to the second paragraph of section 1015.3 of the Act with reference to the adjustment provided for in the third paragraph of that section; or
(b) where the employee has provided the employer with a return referred to in section 1015.3 of the Act, by the aggregate of all amounts that, according to the information set out in the most recent return referred to in section 1015.3 that the employee has provided to the employer, the employee
i. may deduct from the employee’s tax otherwise payable for the year under section 752.0.0.1 of the Act;
ii. would be entitled to deduct from the employee’s tax otherwise payable for the year under section 776.41.5 of the Act if subparagraphs a and b of the second paragraph of that section were read as follows:
“(a) A is
i. if the eligible spouse of the individual for the taxation year has not received any amount in the year that is an income replacement indemnity, or a compensation for the loss of financial support, determined under a public compensation plan and established on the basis of net income following an accident, employment injury, bodily injury or death or in order to prevent bodily injury, other than such an amount described in subparagraph b or c of the second paragraph of section 752.0.0.3, the amount obtained when the amount used for the year pursuant to the second and third paragraphs of section 1015.3 of the Act is multiplied by the percentage determined under section 750.1 of the Act for the year, and
ii. in all other cases, nil; and
“(b) B is the tax otherwise payable of the individual’s eligible spouse for the taxation year, computed without reference to the deductions provided for in this Book.”;
iii. is entitled to deduct from the employee’s tax otherwise payable under sections 752.0.1 and 752.0.7.1 to 752.0.8 of the Act, and
iv. may deduct from the employee’s tax otherwise payable for the year under section 752.0.14 of the Act, or that the employee would be entitled to deduct under that section if it were read without reference to subparagraph d of the first paragraph of that section;
“remuneration” means
(a) salary, wages, allowance, benefit or other advantage paid, allocated, granted or awarded to an employee or former employee;
(b) a payment of commissions or other similar amounts fixed by reference to the volume of the sales made or the contracts negotiated, referred to as “commissions” in this chapter, if the payment is made to an employee or former employee;
(c) pension benefits, including an annuity payment under a pension plan, except a distribution that
i. is from a pooled registered pension plan and is not required to be included in computing a taxpayer's income under section 313.13 of the Act, or
ii. is deemed to have been made under section 965.0.30 of the Act;
(d) a retiring allowance;
(e) a death benefit;
(f) a payment as a benefit under the Employment Insurance Act (S.C. 1996, c. 23) or a benefit under a supplementary unemployment benefit plan;
(g) a payment as a benefit under the Act respecting parental insurance (chapter A-29.011);
(h) an amount that is described in any of paragraphs e.2 to e.6 of section 311 of the Act, except the portion of the amount that relates to child care expenses and tuition costs;
(h.1) an amount paid under the program referred to in paragraph k.0.2 of section 311 of the Act;
(h.2) an amount paid under the program referred to in section 313.14 of the Act;
(i) a payment under a deferred profit sharing plan or a plan designated in subsection 15 of section 147 of the Income Tax Act (R.S.C. 1985, c. 1 (5th Suppl.)) as a revoked plan, reduced by the amounts determined under sections 883, 884 and 886 of the Act;
(j) an amount paid as proceeds of the surrender, cancellation or redemption of an income-averaging annuity contract;
(k) a payment made during the lifetime of an annuitant, within the meaning of paragraph d of section 961.1.5 of the Act, under a registered retirement income fund of the annuitant, other than a particular payment to the extent that
i. the particular payment is in relation to the minimum amount, within the meaning of paragraph c of that section 961.1.5, under the fund for a year, or
ii. where the fund governs a trust, the particular payment would be in relation to the minimum amount, within the meaning of paragraph c of that section 961.1.5, under the fund for a year if each amount that, at the beginning of the year, must be paid after the time of the particular payment and in the year to the trust under an annuity contract that is held by the trust both at the beginning of the year and at the time of the particular payment, is paid to the trust in the year;
(l) a payment made out of or under a registered retirement savings plan during the lifetime of an annuitant, within the meaning of paragraph b of section 905.1 of the Act, of such a plan for whom a retirement income is provided by the plan, other than a periodical annuity payment or a payment made by a person who has reasonable grounds to believe that the payment is deductible in computing an individual’s income under section 924 of the Act;
(m) a payment that is a benefit of a new plan referred to in section 914 of the Act or under such a plan, other than a periodical annuity payment or, where section 914 of the Act applies to the plan after 25 May 1976, a payment made in a year subsequent to the year in which that section 914 applies to the plan;
(n) a benefit referred to in section 311R1;
(o) a payment that is an amount that may be regarded as having been received, in whole or in part, as consideration for entering into a contract for performance of services to be rendered in Québec or for an undertaking not to enter into such a contract with a third party;
(p) an amount received from a retirement compensation arrangement or under such an arrangement;
(q) an amount referred to in section 43.2 of the Act, to the extent that it is not covered by paragraph a;
(r) a payment out of a registered education savings plan other than
i. a refund of contributions,
ii. an educational assistance payment, or
iii. an amount, up to $50,000, of an accumulated income payment that is made to a subscriber, as defined in section 1129.63 of the Act, or if there is no such subscriber at that time, that is made to a person that has been the spouse of an individual who was a subscriber, if
(1) that amount is transferred to a registered retirement savings plan in which the annuitant is either the recipient of the payment or the recipient’s spouse, and
(2) it is reasonable for the person making the payment to believe that that portion of the accumulated income payment is deductible for the year under sections 922 and 923 of the Act in computing the recipient’s income; and
(s) a payment made in connection with the closing of a farm income stabilization account under sections 45 and 46 of the “Farm Income Stabilization Account” program established under the Act respecting La Financière agricole du Québec (chapter L-0.1);
(t) a disability assistance payment made from a registered disability savings plan;
“tax credit for experienced workers” in respect of a taxation year means the product obtained by multiplying 100/15 by the amount that may be deducted in computing the employee’s income otherwise payable for the year under section 752.0.10.0.3 of the Act, according to the information indicated in the employee’s last return referred to in section 1015.3 of the Act furnished by the employee to the employer.
1015R1. In this chapter,
“annual pay” means the product obtained by multiplying the amount of the remuneration for the pay period by the number of pay periods in the year;
“employee” means any person receiving a remuneration;
“employer” means any person paying a remuneration;
“pay” means a remuneration;
“pay period” means a one-week period, a two-week period, a semi-monthly period or a monthly period;
“personal tax credits”, in respect of a particular taxation year, means the product obtained by multiplying 5
(a) by the amount determined for the year pursuant to the second paragraph of section 1015.3 of the Act with reference to the adjustment provided for in the third paragraph of that section; or
(b) where the employee has provided the employer with a return referred to in section 1015.3 of the Act, by the aggregate of all amounts that, according to the information set out in the most recent return referred to in section 1015.3 that the employee has provided to the employer, the employee
i. may deduct from the employee’s tax otherwise payable for the year under section 752.0.0.1 of the Act;
ii. would be entitled to deduct from the employee’s tax otherwise payable for the year under section 776.41.5 of the Act if the amount determined according to the formula in the first paragraph of that section were read as a reference to the amount obtained by multiplying the percentage determined in section 750.1 of the Act for the year by the amount used for the year pursuant to the second and third paragraphs of section 1015.3 of the Act,
iii. is entitled to deduct from the employee’s tax otherwise payable under sections 752.0.1 and 752.0.7.1 to 752.0.8 of the Act, and
iv. may deduct from the employee’s tax otherwise payable for the year under section 752.0.14 of the Act, or that the employee would be entitled to deduct under that section if it were read without reference to subparagraph d of the first paragraph of that section;
“remuneration” means
(a) salary, wages, allowance, benefit or other advantage paid, allocated, granted or awarded to an employee or former employee;
(b) a payment of commissions or other similar amounts fixed by reference to the volume of the sales made or the contracts negotiated, referred to as “commissions” in this chapter, if the payment is made to an employee or former employee;
(c) pension benefits, including an annuity payment under a pension plan, except a distribution that
i. is from a pooled registered pension plan and is not required to be included in computing a taxpayer's income under section 313.13 of the Act, or
ii. is deemed to have been made under section 965.0.30 of the Act;
(d) a retiring allowance;
(e) a death benefit;
(f) a payment as a benefit under the Employment Insurance Act (S.C. 1996, c. 23) or a benefit under a supplementary unemployment benefit plan;
(g) a payment as a benefit under the Act respecting parental insurance (chapter A-29.011);
(h) an amount that is described in any of paragraphs e.2 to e.6 of section 311 of the Act, except the portion of the amount that relates to child care expenses and tuition costs;
(h.1) an amount paid under the program referred to in paragraph k.0.2 of section 311 of the Act;
(h.2) an amount paid under the program referred to in section 313.14 of the Act;
(i) a payment under a deferred profit sharing plan or a plan designated in subsection 15 of section 147 of the Income Tax Act (R.S.C. 1985, c. 1 (5th Suppl.)) as a revoked plan, reduced by the amounts determined under sections 883, 884 and 886 of the Act;
(j) an amount paid as proceeds of the surrender, cancellation or redemption of an income-averaging annuity contract;
(k) a payment made during the lifetime of an annuitant, within the meaning of paragraph d of section 961.1.5 of the Act, under a registered retirement income fund of the annuitant, other than a particular payment to the extent that
i. the particular payment is in relation to the minimum amount, within the meaning of paragraph c of that section 961.1.5, under the fund for a year, or
ii. where the fund governs a trust, the particular payment would be in relation to the minimum amount, within the meaning of paragraph c of that section 961.1.5, under the fund for a year if each amount that, at the beginning of the year, must be paid after the time of the particular payment and in the year to the trust under an annuity contract that is held by the trust both at the beginning of the year and at the time of the particular payment, is paid to the trust in the year;
(l) a payment made out of or under a registered retirement savings plan during the lifetime of an annuitant, within the meaning of paragraph b of section 905.1 of the Act, of such a plan for whom a retirement income is provided by the plan, other than a periodical annuity payment or a payment made by a person who has reasonable grounds to believe that the payment is deductible in computing an individual’s income under section 924 of the Act;
(m) a payment that is a benefit of a new plan referred to in section 914 of the Act or under such a plan, other than a periodical annuity payment or, where section 914 of the Act applies to the plan after 25 May 1976, a payment made in a year subsequent to the year in which that section 914 applies to the plan;
(n) a benefit referred to in section 311R1;
(o) a payment that is an amount that may be regarded as having been received, in whole or in part, as consideration for entering into a contract for performance of services to be rendered in Québec or for an undertaking not to enter into such a contract with a third party;
(p) an amount received from a retirement compensation arrangement or under such an arrangement;
(q) an amount referred to in section 43.2 of the Act, to the extent that it is not covered by paragraph a;
(r) a payment out of a registered education savings plan other than
i. a refund of contributions,
ii. an educational assistance payment, or
iii. an amount, up to $50,000, of an accumulated income payment that is made to a subscriber, as defined in section 1129.63 of the Act, or if there is no such subscriber at that time, that is made to a person that has been the spouse of an individual who was a subscriber, if
(1) that amount is transferred to a registered retirement savings plan in which the annuitant is either the recipient of the payment or the recipient’s spouse, and
(2) it is reasonable for the person making the payment to believe that that portion of the accumulated income payment is deductible for the year under sections 922 and 923 of the Act in computing the recipient’s income; and
(s) a payment made in connection with the closing of a farm income stabilization account under sections 45 and 46 of the “Farm Income Stabilization Account” program established under the Act respecting La Financière agricole du Québec (chapter L-0.1);
(t) a disability assistance payment made from a registered disability savings plan;
“tax credit for experienced workers” in respect of a taxation year means the product obtained by multiplying 5 by the amount that may be deducted in computing the employee’s income otherwise payable for the year under section 752.0.10.0.3 of the Act, according to the information indicated in the employee’s last return referred to in section 1015.3 of the Act furnished by the employee to the employer.
1015R1. In this chapter,
“annual pay” means the product obtained by multiplying the amount of the remuneration for the pay period by the number of pay periods in the year;
“employee” means any person receiving a remuneration;
“employer” means any person paying a remuneration;
“pay” means a remuneration;
“pay period” means a one-week period, a two-week period, a semi-monthly period or a monthly period;
“personal tax credits”, in respect of a particular taxation year, means the product obtained by multiplying 5
(a) by the amount determined for the year pursuant to the second paragraph of section 1015.3 of the Act with reference to the adjustment provided for in the third paragraph of that section; or
(b) where the employee has provided the employer with a return referred to in section 1015.3 of the Act, by the aggregate of all amounts that, according to the information set out in the most recent return referred to in section 1015.3 that the employee has provided to the employer, the employee
i. may deduct from the employee’s tax otherwise payable for the year under section 752.0.0.1 of the Act;
ii. would be entitled to deduct from the employee’s tax otherwise payable for the year under section 776.41.5 of the Act if the amount determined according to the formula in the first paragraph of that section were read as a reference to the amount obtained by multiplying the percentage determined in section 750.1 of the Act for the year by the amount used for the year pursuant to the second and third paragraphs of section 1015.3 of the Act,
iii. is entitled to deduct from the employee’s tax otherwise payable under sections 752.0.1 and 752.0.7.1 to 752.0.8 of the Act, and
iv. may deduct from the employee’s tax otherwise payable for the year under section 752.0.14 of the Act, or that the employee would be entitled to deduct under that section if it were read without reference to subparagraph d of the first paragraph of that section;
“remuneration” means
(a) salary, wages, allowance, benefit or other advantage paid, allocated, granted or awarded to an employee or former employee;
(b) a payment of commissions or other similar amounts fixed by reference to the volume of the sales made or the contracts negotiated, referred to as “commissions” in this chapter, if the payment is made to an employee or former employee;
(c) pension benefits, including an annuity payment under a pension plan;
(d) a retiring allowance;
(e) a death benefit;
(f) a payment as a benefit under the Employment Insurance Act (S.C. 1996, c. 23) or a benefit under a supplementary unemployment benefit plan;
(g) a payment as a benefit under the Act respecting parental insurance (chapter A-29.011);
(h) an amount that is described in any of paragraphs e.2 to e.6 of section 311 of the Act, except the portion of the amount that relates to child care expenses and tuition costs;
(i) a payment under a deferred profit sharing plan or a plan designated in subsection 15 of section 147 of the Income Tax Act (R.S.C. 1985, c. 1 (5th Suppl.)) as a revoked plan, reduced by the amounts determined under sections 883, 884 and 886 of the Act;
(j) an amount paid as proceeds of the surrender, cancellation or redemption of an income-averaging annuity contract;
(k) a payment made during the lifetime of an annuitant, within the meaning of paragraph d of section 961.1.5 of the Act, under a registered retirement income fund of the annuitant, other than a particular payment to the extent that
i. the particular payment is in relation to the minimum amount, within the meaning of paragraph c of that section 961.1.5, under the fund for a year, or
ii. where the fund governs a trust, the particular payment would be in relation to the minimum amount, within the meaning of paragraph c of that section 961.1.5, under the fund for a year if each amount that, at the beginning of the year, must be paid after the time of the particular payment and in the year to the trust under an annuity contract that is held by the trust both at the beginning of the year and at the time of the particular payment, is paid to the trust in the year;
(l) a payment made out of or under a registered retirement savings plan during the lifetime of an annuitant, within the meaning of paragraph b of section 905.1 of the Act, of such a plan for whom a retirement income is provided by the plan, other than a periodical annuity payment or a payment made by a person who has reasonable grounds to believe that the payment is deductible in computing an individual’s income under section 924 of the Act;
(m) a payment that is a benefit of a new plan referred to in section 914 of the Act or under such a plan, other than a periodical annuity payment or, where section 914 of the Act applies to the plan after 25 May 1976, a payment made in a year subsequent to the year in which that section 914 applies to the plan;
(n) a benefit referred to in section 311R1;
(o) a payment that is an amount that may be regarded as having been received, in whole or in part, as consideration for entering into a contract for performance of services to be rendered in Québec or for an undertaking not to enter into such a contract with a third party;
(p) an amount received from a retirement compensation arrangement or under such an arrangement;
(q) an amount referred to in section 43.2 of the Act, to the extent that it is not covered by paragraph a;
(r) a payment out of a registered education savings plan other than
i. a refund of contributions,
ii. an educational assistance payment, or
iii. an amount, up to $50,000, of an accumulated income payment that is made to a subscriber, as defined in section 1129.63 of the Act, or if there is no such subscriber at that time, that is made to a person that has been the spouse of an individual who was a subscriber, if
(1) that amount is transferred to a registered retirement savings plan in which the annuitant is either the recipient of the payment or the recipient’s spouse, and
(2) it is reasonable for the person making the payment to believe that that portion of the accumulated income payment is deductible for the year under sections 922 and 923 of the Act in computing the recipient’s income; and
(s) a payment made in connection with the closing of a farm income stabilization account under sections 45 and 46 of the “Farm Income Stabilization Account” program established under the Act respecting La Financière agricole du Québec (chapter L-0.1);
“tax credit for experienced workers” in respect of a taxation year means the product obtained by multiplying 5 by the amount that may be deducted in computing the employee’s income otherwise payable for the year under section 752.0.10.0.3 of the Act, according to the information indicated in the employee’s last return referred to in section 1015.3 of the Act furnished by the employee to the employer.
1015R1. In this chapter,
“annual pay” means the product obtained by multiplying the amount of the remuneration for the pay period by the number of pay periods in the year;
“employee” means any person receiving a remuneration;
“employer” means any person paying a remuneration;
“pay” means a remuneration;
“pay period” means a one-week period, a two-week period, a semi-monthly period or a monthly period;
“personal tax credits”, in respect of a particular taxation year, means the product obtained by multiplying 5
(a) by the amount determined for the year pursuant to the second paragraph of section 1015.3 of the Act with reference to the adjustment provided for in the third paragraph of that section; or
(b) where the employee has provided the employer with a return referred to in section 1015.3 of the Act, by the aggregate of all amounts that, according to the information set out in the most recent return referred to in section 1015.3 that the employee has provided to the employer, the employee
i. may deduct from the employee’s tax otherwise payable for the year under section 752.0.0.1 of the Act;
ii. would be entitled to deduct from the employee’s tax otherwise payable for the year under section 776.41.5 of the Act if the amount determined according to the formula in the first paragraph of that section were read as a reference to the amount obtained by multiplying the percentage determined in section 750.1 of the Act for the year by the amount used for the year pursuant to the second and third paragraphs of section 1015.3 of the Act,
iii. is entitled to deduct from the employee’s tax otherwise payable under sections 752.0.1 and 752.0.7.1 to 752.0.8 of the Act, and
iv. may deduct from the employee’s tax otherwise payable for the year under section 752.0.14 of the Act, or that the employee would be entitled to deduct under that section if it were read without reference to subparagraph d of the first paragraph of that section;
“remuneration” means
(a) salary, wages, allowance, benefit or other advantage paid, allocated, granted or awarded to an employee or former employee;
(b) a payment of commissions or other similar amounts fixed by reference to the volume of the sales made or the contracts negotiated, referred to as “commissions” in this chapter, if the payment is made to an employee or former employee;
(c) pension benefits, including an annuity payment under a pension plan;
(d) a retiring allowance;
(e) a death benefit;
(f) a payment as a benefit under the Employment Insurance Act (S.C. 1996, c. 23) or a benefit under a supplementary unemployment benefit plan;
(g) a payment as a benefit under the Act respecting parental insurance (chapter A-29.011);
(h) an amount that is described in any of paragraphs e.2 to e.6 of section 311 of the Act, except the portion of the amount that relates to child care expenses and tuition costs;
(i) a payment under a deferred profit sharing plan or a plan designated in subsection 15 of section 147 of the Income Tax Act (R.S.C. 1985, c. 1 (5th Suppl.)) as a revoked plan, reduced by the amounts determined under sections 883, 884 and 886 of the Act;
(j) an amount paid as proceeds of the surrender, cancellation or redemption of an income-averaging annuity contract;
(k) a payment made during the lifetime of an annuitant, within the meaning of paragraph d of section 961.1.5 of the Act, under a registered retirement income fund of the annuitant, other than a particular payment to the extent that
i. the particular payment is in relation to the minimum amount, within the meaning of paragraph c of that section 961.1.5, under the fund for a year, or
ii. where the fund governs a trust, the particular payment would be in relation to the minimum amount, within the meaning of paragraph c of that section 961.1.5, under the fund for a year if each amount that, at the beginning of the year, must be paid after the time of the particular payment and in the year to the trust under an annuity contract that is held by the trust both at the beginning of the year and at the time of the particular payment, is paid to the trust in the year;
(l) a payment made out of or under a registered retirement savings plan during the lifetime of an annuitant, within the meaning of paragraph b of section 905.1 of the Act, of such a plan for whom a retirement income is provided by the plan, other than a periodical annuity payment or a payment made by a person who has reasonable grounds to believe that the payment is deductible in computing an individual’s income under section 924 of the Act;
(m) a payment that is a benefit of a new plan referred to in section 914 of the Act or under such a plan, other than a periodical annuity payment or, where section 914 of the Act applies to the plan after 25 May 1976, a payment made in a year subsequent to the year in which that section 914 applies to the plan;
(n) a benefit referred to in section 311R1;
(o) a payment that is an amount that may be regarded as having been received, in whole or in part, as consideration for entering into a contract for performance of services to be rendered in Québec or for an undertaking not to enter into such a contract with a third party;
(p) an amount received from a retirement compensation arrangement or under such an arrangement;
(q) an amount referred to in section 43.2 of the Act, to the extent that it is not covered by paragraph a;
(r) a payment out of a registered education savings plan other than
i. a refund of contributions,
ii. an educational assistance payment, or
iii. an amount, up to $50,000, of an accumulated income payment that is made to a subscriber, as defined in section 1129.63 of the Act, or if there is no such subscriber at that time, that is made to a person that has been the spouse of an individual who was a subscriber, if
(1) that amount is transferred to a registered retirement savings plan in which the annuitant is either the recipient of the payment or the recipient’s spouse, and
(2) it is reasonable for the person making the payment to believe that that portion of the accumulated income payment is deductible for the year under sections 922 and 923 of the Act in computing the recipient’s income; and
(s) a payment made in connection with the closing of a farm income stabilization account under sections 45 and 46 of the “Farm Income Stabilization Account” program established under the Act respecting La Financière agricole du Québec (chapter L-0.1).
