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

Section 1015r23.2 Disposition versions

2023-09-26

1015R23.2. Every person making, in a year, a payment described in paragraph t of the definition of “remuneration” in section 1015R1 to an individual resident in Canada must deduct from the payment the amount determined by the following formula:

14% (A − B).

In the formula in the first paragraph,

(a)  A is the portion of the payment made that must be included in computing the individual's taxable income for the year under section 694.0.0.3 of the Act; and

(b)  B is,

i.  where the beneficiary of the registered disability savings plan is deceased, zero, and

ii.  in any other case, the amount by which the total of the following amounts exceeds the aggregate of all amounts each of which is the portion of a payment that has already been made in the year to the individual and that is required to be included in computing the individual's taxable income for the year under section 694.0.0.3 of the Act:

(1)  the amount, expressed in dollars, referred to in section 752.0.0.1 of the Act that, having regard to section 750.2 of the Act, is applicable for the year; and

(2)  the amount, expressed in dollars, referred to in section 752.0.14 of the Act that, having regard to section 750.2 of the Act, is applicable for the year.

O.C. 321-2017, s. 49; O.C. 117-2019, s. 30; S.Q. 2023, c. 19, s. 184.

2019-02-27

1015R23.2. Every person making, in a year, a payment described in paragraph t of the definition of “remuneration” in section 1015R1 to an individual resident in Canada must deduct from the payment the amount determined by the following formula:

15% (A − B).

In the formula in the first paragraph,

(a)  A is the portion of the payment made that must be included in computing the individual's taxable income for the year under section 694.0.0.3 of the Act; and

(b)  B is,

i.  where the beneficiary of the registered disability savings plan is deceased, zero, and

ii.  in any other case, the amount by which the total of the following amounts exceeds the aggregate of all amounts each of which is the portion of a payment that has already been made in the year to the individual and that is required to be included in computing the individual's taxable income for the year under section 694.0.0.3 of the Act:

(1)  the amount, expressed in dollars, referred to in section 752.0.0.1 of the Act that, having regard to section 750.2 of the Act, is applicable for the year; and

(2)  the amount, expressed in dollars, referred to in section 752.0.14 of the Act that, having regard to section 750.2 of the Act, is applicable for the year.

O.C. 321-2017, s. 49; O.C. 117-2019, s. 30.

2017-04-12

1015R23.2. Every person making, in a year, a payment described in paragraph t of the definition of "remuneration" in section 1015R1 to an individual resident in Canada must deduct from the payment the amount determined by the following formula:

16 % (A − B).

In the formula in the first paragraph,

(a)  A is the portion of the payment made that must be included in computing the individual's taxable income for the year under section 694.0.0.3 of the Act; and

(b)  B is,

i.  where the beneficiary of the registered disability savings plan is deceased, zero, and

ii.  in any other case, the amount by which the total of the following amounts exceeds the aggregate of all amounts each of which is the portion of a payment that has already been made in the year to the individual and that is required to be included in computing the individual's taxable income for the year under section 694.0.0.3 of the Act:

(1)  the amount, expressed in dollars, referred to in section 752.0.0.1 of the Act that, having regard to section 750.2 of the Act, is applicable for the year; and

(2)  the amount, expressed in dollars, referred to in section 752.0.14 of the Act that, having regard to section 750.2 of the Act, is applicable for the year.

O.C. 321-2017, s. 49.