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

Section 1015r8 Disposition versions

2012-09-01

1015R8. For the purposes of section 1015R6, a premium referred to in subparagraph a of the first paragraph of that section in respect of a remuneration is, in respect of an employee,

(a)  the employee’s premium that, after an agreement to that effect, is deducted directly from the employee’s remuneration by the employer and transferred by the latter to the issuer, within the meaning of paragraph c of section 905.1 of the Act, of a plan under which the employee or the employee’s spouse is the annuitant within the meaning of paragraph b of that section 905.1;

(b)  an amount equal to the employee’s premium consisting of class “A” shares issued by the corporation governed by the Act to establish the Fonds de solidarité des travailleurs du Québec (F.T.Q.) (chapter F-3.2.1) or class “A” or “B” shares issued by the corporation governed by the Act to establish Fondaction, le Fonds de développement de la Confédération des syndicats nationaux pour la coopération et l’emploi (chapter F-3.1.2), that is deducted directly from the employee’s remuneration and transferred by the employer to the issuer, within the meaning of paragraph c of section 905.1 of the Act, of a plan under which the employee or the employee’s spouse is the annuitant within the meaning of paragraph b of that section 905.1, without the total of the amounts determined under this paragraph exceeding for a year an amount equal to $5,000; or

(c)  an amount equal to the employee’s premium consisting of qualifying securities within the meaning of the cooperative investment plan, established under Décret 1596-85 (85-08-07) or the Cooperative Investment Plan Act (chapter R-8.1.1), that is deducted directly from the employee’s remuneration and transferred by the employer to the issuer, within the meaning of paragraph c of section 905.1 of the Act, of a plan under which the employee or the employee’s spouse is the annuitant within the meaning of paragraph b of that section 905.1.

s. 1015R2.2; O.C. 1344-89, s. 1; O.C. 1114-93, s. 39; O.C. 523-96, s. 27; O.C. 1633-96, s. 24; O.C. 1707-97, s. 98; O.C. 1466-98, s. 85; O.C. 1470-2002, s. 68; O.C. 1282-2003, s. 57; O.C. 1155-2004, s. 48; S.Q. 2006, c. 8, s. 31; O.C. 1116-2007, s. 35; O.C. 134-2009, s. 1; O.C. 1176-2010, s. 42.