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

Section 1015r12 Disposition versions

2012-09-01

1015R12. Despite section 1015R10, where under a multi-employer insurance plan, within the meaning of section 43.1 of the Act, an employer is required to pay an amount referred to in section 43.2 of the Act for a year in respect of an employee, the employer fixes a reasonable amount as the estimated value of the benefit that would be granted to the employee for that year if the employee enjoyed coverage under the plan for the entire year, and it may reasonably be considered that the total of the amounts so required to be paid by the employer for the year in respect of the employee significantly exceeds that reasonable amount, the employer may not make any deduction in respect of the amounts among those amounts that the employer pays after the total of the amounts already paid has reached that reasonable amount.

s. 1015R3.5; O.C. 473-95, s. 27; O.C. 1633-96, s. 44; O.C. 134-2009, s. 1.