I-3 - Taxation Act

Section 158 Disposition versions

2006-03-01

158. An employer shall not deduct, for the purposes of this chapter, an amount which he pays to a trustee:

(a)  under a supplementary unemployment benefit plan, except to the extent allowed under section 964;

(b)  under a deferred profit sharing plan, except to the extent provided in section 881;

(c)  on behalf of his employees or those of a corporation with whom he does not deal at arm’s length under a profit sharing plan except to the extent provided for in section 856.

1972, c. 23, s. 146; 1973, c. 17, s. 13; 1991, c. 25, s. 51; 1997, c. 3, s. 71.