R-9 - Act respecting the Québec Pension Plan

Section 43 Disposition versions

2012-01-01

43. The personal exemption of a worker for a year is equal to that year’s Basic Exemption.

However, where one of the events mentioned in the second or third paragraph of section 41 occurs, the personal exemption of the worker is equal to the amount obtained by multiplying the Basic Exemption by the proportion provided for therein.

In the cases described in subparagraphs b and c of the third paragraph of section 41, the adjustment of the personal exemption of a worker does not apply if the year in which the event concerned occurs is subsequent to 2011.

For the years 1998 to 2011, the personal exemption of a worker for the year in which a retirement pension becomes payable to him under this Act or a similar plan or for the year in which he reaches 70 years of age, if he is not the beneficiary of such a pension, is equal to the amount of the Basic Exemption multiplied by the proportion that the number of months of the year which precede the event concerned bears to 12. If the pensionable earnings of the worker for the year exceed the amount of the year’s Maximum Pensionable Earnings adjusted according to the same proportion, his personal exemption thus calculated is increased by the lesser of the following amounts:

(a)  the Basic Exemption for the year multiplied by the proportion that the number of months in the year which are subsequent to the month preceding the event concerned bears to 12;

(b)  the amount by which the pensionable earnings of the worker for the year exceed the year’s Maximum Pensionable Earnings multiplied by the proportion that the number of months in the year that are prior to the event concerned bears to 12.

1965 (1st sess.), c. 24, s. 40; 1974, c. 16, s. 7; 1993, c. 15, s. 8; 1997, c. 73, s. 9; 2011, c. 34, s. 133.

1998-01-01

43. The personal exemption of a worker for a year is equal to that year’s Basic Exemption.

However, where one of the events mentioned in the second or third paragraph of section 41 occurs, the personal exemption of the worker is equal to the amount obtained by multiplying the Basic Exemption by the proportion provided for therein.

From the year 1998, the personal exemption of a worker for the year in which a retirement pension becomes payable to him under this Act or a similar plan or for the year in which he reaches 70 years of age, if he is not the beneficiary of such a pension, is equal to the amount of the Basic Exemption multiplied by the proportion that the number of months of the year which precede the event concerned bears to 12. If the pensionable earnings of the worker for the year exceed the amount of the year’s Maximum Pensionable Earnings adjusted according to the same proportion, his personal exemption thus calculated is increased by the lesser of the following amounts:

(a)  the Basic Exemption for the year multiplied by the proportion that the number of months in the year which are subsequent to the month preceding the event concerned bears to 12;

(b)  the amount by which the pensionable earnings of the worker for the year exceed the year’s Maximum Pensionable Earnings multiplied by the proportion that the number of months in the year that are prior to the event concerned bears to 12.

1965 (1st sess.), c. 24, s. 40; 1974, c. 16, s. 7; 1993, c. 15, s. 8; 1997, c. 73, s. 9.

1993-07-01

43. The personal exemption of a worker for a year is equal to that year’s Basic Exemption.

However, where one of the events mentioned in the second or third paragraph of section 41 occurs, the personal exemption of the worker is equal to the amount obtained by multiplying the Basic Exemption by the proportion provided for therein.

1965 (1st sess.), c. 24, s. 40; 1974, c. 16, s. 7; 1993, c. 15, s. 8.

1977-12-31

43. The personal exemption of a worker for a year is equal to that year’s Basic Exemption.

Nevertheless, for a year in which a worker reaches 18 years of age, or in which a disability pension ceases to be payable to him under this act or under a similar plan, his personal exemption is reduced in the proportion that the number of months in the year after he reaches 18 years of age or after such disability pension ceases bears to 12.

Also, for a year in which a worker reaches 70 years of age or dies, or in which a retirement or disability pension becomes payable to him under this act or under a similar plan, such exemption shall be reduced in the proportion which the number of months before he reaches 70 years of age, or prior to the month immediately following his death or to the date when the retirement or disability pension becomes payable to him, bears to 12.

1965 (1st sess.), c. 24, s. 40; 1974, c. 16, s. 7.