### C-8.3 - Act respecting international financial centres

108. Where the day, referred to in this section as the “particular day”, which corresponds to the earlier of the day on which an individual first took up employment, as an employee, with a corporation operating an international financial centre and, where applicable, of the day on which the individual first became resident in Canada to establish an international financial centre in Canada, is prior to 1 April 1996, the individual’s reference period, established under section 69, in relation to an employment,
(1)  shall be established, where the particular day is prior to 1 April 1994, as if that section were read with “five years” in the portion of paragraph 3 before subparagraph a replaced by “24 months”;
(2)  is deemed to correspond, where the particular day is subsequent to 31 March 1994, to the aggregate of
(a)  the period that would be established in respect of the individual under section 69, in relation to that employment, but for this section and if section 69 were read with “five years” in the portion of paragraph 3 before subparagraph a replaced by “24 months”, and
(b)  the part of the period that would be established in respect of the individual under section 69, in relation to that employment, but for this section, that is not already included in the period referred to in subparagraph a and is neither prior to 1 April 1998 nor later than the day preceding the day that is five years after the particular day;
(3)  (paragraph repealed).
1999, c. 86, s. 108; 2001, c. 51, s. 319; 2004, c. 21, s. 29.
108. Where the day, referred to in this section as the “particular day”, which corresponds to the earlier of the day on which an individual, for the first time, became an employee of a corporation operating an international financial centre and, where applicable, of the day on which, for the first time, the individual became resident in Canada to establish an international financial centre in Canada, is prior to 1 April 1996, the reference period established in respect of the individual under section 69
(1)  shall be established, where the particular day is prior to 1 April 1994, as if that section were read as if “60 months” in paragraph 3 were replaced by “24 months” ;
(2)  is deemed to correspond, where the particular day is subsequent to 31 March 1994, to the aggregate of
(a)  the period that would be established in respect of the individual under that section 69 but for this section and if that section 69 were read as if “60 months” in paragraph 3 were replaced by “24 months”, and
(b)  the part of the period that would be established in respect of the individual under that section 69 but for this section, that is not included in the period referred to in subparagraph a and is neither prior to 1 April 1998 nor later than the day preceding the day that is five years after the particular day;
(3)  (paragraph repealed).
1999, c. 86, s. 108; 2001, c. 51, s. 319.
108. Where the day, referred to in this section as the “particular day”, which corresponds to the earlier of the day on which an individual, for the first time, became an employee of a corporation operating an international financial centre and, where applicable, of the day on which, for the first time, the individual became resident in Canada to establish an international financial centre in Canada, is prior to 1 April 1996, the reference period established in respect of the individual under section 69
(1)  shall be established, where the particular day is prior to 1 April 1994, as if that section were read as if “60 months” in paragraph 3 were replaced by “24 months” ;
(2)  is deemed to correspond, where the particular day is subsequent to 31 March 1994 but prior to 2 January 1995, to the aggregate of
(a)  the period that would be established in respect of the individual under that section 69 but for this section and if that section 69 were read as if “60 months” in paragraph 3 were replaced by “24 months”, and
(b)  the part of the period which would be established in respect of the individual under that section 69 but for this section and if that section 69 were read as if “60 months” in paragraph 3 were replaced by “48 months”, that is not included in the period referred to in subparagraph a and is neither prior to 1 April 1998 nor later than the day preceding the day that is four years after the particular day ;
(3)  is deemed to correspond, where the particular day is subsequent to 1 January 1995, to the aggregate of
(a)  the period that would be established in respect of the individual under that section 69 but for this section and if that section 69 were read as if “60 months” in paragraph 3 were replaced by “24 months”, and
(b)  the part of the period which would be established in respect of the individual under that section 69 but for this section, that is not included in the period referred to in subparagraph a and is neither prior to 1 April 1998 nor later than the day preceding the day that is five years after the particular day.
1999, c. 86, s. 108.