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

Section 1015r9 Disposition versions

2012-09-01

1015R9. For the purposes of this chapter, the amount of remuneration otherwise determined in respect of an employee for a pay period in a taxation year, including the amount deemed by section 1015R5 to be the amount of the employee’s remuneration, must be reduced by an amount equal to the quotient obtained by dividing the amount of the reduction for the year determined in respect of the employee under the second paragraph by the number of pay periods in the year.

For the purposes of the first paragraph, the amount of the reduction for a taxation year determined in respect of an employee is the aggregate of the amounts, as shown on the employee’s most recent return referred to in section 1015.3 of the Act that the employee has provided to the employer, that the employee may deduct for the year under section 336.0.3 of the Act and section 350.1 of the Act because of subparagraph b of the first paragraph of section 350.2 of the Act.

s. 1015R2.3; O.C. 1025-91, s. 4; O.C. 523-96, s. 27; O.C. 1633-96, s. 25; O.C. 1466-98, s. 86; O.C. 1451-2000, s. 40; O.C. 1463-2001, s. 128; O.C. 1470-2002, s. 69; O.C. 1282-2003, s. 58; O.C. 1155-2004, s. 49; O.C. 1249-2005, s. 29; O.C. 134-2009, s. 1.