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

Section 890.1r1 Disposition versions

2014-12-23

890.1R1. For the purposes of subparagraph n of the second paragraph of section 890.1 of the Act, the following plans or arrangements are prescribed:

(a)  the plan instituted under the Act respecting the Québec Pension Plan (chapter R-9);

(b)  a similar plan within the meaning of the Act respecting the Québec Pension Plan;

(c)  a plan instituted under the Employment Insurance Act (S.C. 1996, c. 23);

(d)  a plan established in accordance with an agreement in writing for the purpose of deferring the salary or wages of a professional referee or linesman for services in that capacity with the National Hockey League where, in the case of a professional referee or linesman resident in Canada, the trust or any other person having custody and control of the funds, investments or other property under the plan is also resident in Canada;

(e)  an arrangement under which all contributions are made pursuant to a law of Canada or a province, where one of the main purposes of the law is to enforce minimum standards with respect to wages, vacation entitlement or severance pay;

(f)  an arrangement under which all contributions are made in connection with a dispute regarding the entitlement of one or more persons to receive benefits;

(g)  a plan or arrangement instituted by the social security legislation of a country other than Canada or of a state, province or other political subdivision of such a country; or

(h)  a trust established

i.  to hold shares of Air Canada, pursuant to the June 2009 memorandum of understanding between Air Canada and certain trade unions who represent employees of Air Canada, if

(1)  the shares are held by the trust for the benefit of the trade unions, and

(2)  each of the trade unions may direct the trustee to contribute, from time to time, amounts received or receivable by the trust in respect of the shares, whether as dividends, proceeds of disposition or otherwise, to one or more registered pension plans under which Air Canada is a participating employer, or

ii.  in relation to the wind-up of a registered pension plan sponsored by Fraser Papers Inc., if

(1)  shares are held by the trust for the benefit of the registered pension plan, and

(2)  the trustee will contribute amounts received or receivable by the trust in respect of the shares, whether as dividends, proceeds of disposition or otherwise, to the registered pension plan, not later than 31 December 2018.

s. 890.1R1; O.C. 1114-93, s. 27; O.C. 35-96, s. 86; O.C. 523-96, s. 20; O.C. 1707-97, s. 61; O.C. 1466-98, s. 80; O.C. 134-2009, s. 1; O.C. 1105-2014, s. 22.

2012-09-01

890.1R1. For the purposes of subparagraph n of the second paragraph of section 890.1 of the Act, the following plans or arrangements are prescribed:

(a)  the plan instituted under the Act respecting the Québec Pension Plan (chapter R-9);

(b)  a similar plan within the meaning of the Act respecting the Québec Pension Plan;

(c)  a plan instituted under the Employment Insurance Act (S.C. 1996, c. 23);

(d)  a plan established in accordance with an agreement in writing for the purpose of deferring the salary or wages of a professional referee or linesman for services in that capacity with the National Hockey League where, in the case of a professional referee or linesman resident in Canada, the trust or any other person having custody and control of the funds, investments or other property under the plan is also resident in Canada;

(e)  an arrangement under which all contributions are made pursuant to a law of Canada or a province, where one of the main purposes of the law is to enforce minimum standards with respect to wages, vacation entitlement or severance pay;

(f)  an arrangement under which all contributions are made in connection with a dispute regarding the entitlement of one or more persons to receive benefits; or

(g)  a plan or arrangement instituted by the social security legislation of a country other than Canada or of a state, province or other political subdivision of such a country.

s. 890.1R1; O.C. 1114-93, s. 27; O.C. 35-96, s. 86; O.C. 523-96, s. 20; O.C. 1707-97, s. 61; O.C. 1466-98, s. 80; O.C. 134-2009, s. 1.