I-3 - Taxation Act

Section 38.3 Disposition versions

2015-10-21

38.3. Despite subparagraph b of the first paragraph of section 38, an individual is required in computing the individual’s income for the year to include the value of benefits derived from contributions paid in respect of the individual in the year by the individual’s employer under a group insurance plan, in relation to coverage against the loss of all or part of the income from an office or employment, to the extent that the benefit arising from that plan is not payable periodically.

2015, c. 21, s. 103.