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

Section 1015r15 Disposition versions

2023-09-26

1015R15. Where a payment of a bonus or a retroactive increase is made in a particular taxation year to an employee whose estimated annual pay, including the bonus or retroactive increase, does not exceed the amount determined in accordance with the second paragraph, the employer must deduct 7% therefrom.

The amount referred to in the first paragraph is equal to $17,183 where the particular taxation year is the year 2023 or to the amount determined by the following formula where that taxation year is subsequent to the year 2023:

(A × B) / C.

In the formula in the second paragraph,

(a)  A is the amount determined under the third paragraph of section 1015.3 of the Act that is applicable for the particular taxation year;

(b)  B is the percentage provided for in subparagraph b of the second paragraph of section 750.1 of the Act; and

(c)  C is the rate described in paragraph a of section 750 of the Act.

Where the amount determined in accordance with the formula in the second paragraph is not a multiple of $50, it must be rounded to the nearest multiple of $50 or, if it is equidistant from 2 such multiples, to the higher multiple.

s. 1015R5; O.C. 1981-80, s. 1015R5; R.R.Q., 1981, c. I-3, r. 1, s. 1015R5; O.C. 473-95, s. 28; O.C. 1466-98, s. 89; O.C. 1463-2001, s. 131; O.C. 1470-2002, s. 71; O.C. 1155-2004, s. 50; O.C. 1249-2005, s. 31; O.C. 134-2009, s. 1; S.Q. 2023, c. 19, s. 178.

2012-09-01

1015R15. Where a payment of a bonus or a retroactive increase is made in a particular taxation year to an employee whose estimated annual pay, including the bonus or retroactive increase, does not exceed the amount determined in accordance with the second paragraph, the employer must deduct 8% therefrom.

The amount referred to in the first paragraph is equal to the amount determined by the formula

(A × B) / C.

In the formula in the second paragraph,

(a)  A is the amount used for the particular taxation year in accordance with the second and third paragraphs of section 1015.3 of the Act;

(b)  B is the percentage described in any of the paragraphs in section 750.1 of the Act that applies for the particular taxation year; and

(c)  C is the rate described in paragraph a of section 750 of the Act.

Where the amount determined in accordance with the second paragraph is not a multiple of $50, it must be rounded to the nearest multiple of $50 or, if it is equidistant from 2 such multiples, to the greater thereof.

s. 1015R5; O.C. 1981-80, s. 1015R5; R.R.Q., 1981, c. I-3, r. 1, s. 1015R5; O.C. 473-95, s. 28; O.C. 1466-98, s. 89; O.C. 1463-2001, s. 131; O.C. 1470-2002, s. 71; O.C. 1155-2004, s. 50; O.C. 1249-2005, s. 31; O.C. 134-2009, s. 1.