I-3 - Taxation Act

Section 869.1 Disposition versions

2022-06-08

869.1. In this Title,

“actuary” means a Fellow of the Canadian Institute of Actuaries;

“class of beneficiaries” of a trust means a group of beneficiaries who have identical rights or interests under the trust;

“designated employee benefit” means

(a)  a benefit from a group sickness or accident insurance plan;

(b)  a benefit from a group term life insurance policy;

(c)  a benefit from a private health services plan;

(d)  a benefit that is an advantage derived from counselling services described in subparagraph d of the third paragraph of section 38; or

(e)  a benefit that is not a death benefit, but that would be a death benefit if the amounts determined under paragraphs a and b of section 4 were nil;

“employee” means an employee or former employee of an employer and includes an individual in respect of whom the employer has assumed responsibility for the provision of designated employee benefits as a result of the acquisition by the employer of a business in which the individual was employed;

“key employee”, of an employer in respect of a taxation year, means an employee who

(a)  was at any time in the year or in a preceding taxation year, a specified employee of the employer; or

(b)  was an employee whose employment income from the employer in any two of the five taxation years preceding the year exceeded five times the Maximum Pensionable Earnings, as determined under section 40 of the Act respecting the Québec Pension Plan (chapter R-9), for the calendar year in which the employment income was earned.

2011, c. 6, s. 174; 2022, c. 23, s. 72.

2011-06-06

869.1. In this Title,

“actuary” means a Fellow of the Canadian Institute of Actuaries;

“class of beneficiaries” of a trust means a group of beneficiaries who have identical rights or interests under the trust;

“designated employee benefit” means a benefit from a group sickness or accident insurance plan, a group term life insurance policy or a private health services plan;

“employee” means an employee or former employee of an employer and includes an individual in respect of whom the employer has assumed responsibility for the provision of designated employee benefits as a result of the acquisition by the employer of a business in which the individual was employed;

“key employee”, of an employer in respect of a taxation year, means an employee who

(a)  was at any time in the year or in a preceding taxation year, a specified employee of the employer; or

(b)  was an employee whose employment income from the employer in any two of the five taxation years preceding the year exceeded five times the Maximum Pensionable Earnings, as determined under section 40 of the Act respecting the Québec Pension Plan (chapter R-9), for the calendar year in which the employment income was earned.

2011, c. 6, s. 174.