I-3 - Taxation Act

Section 47.16 Disposition versions

2015-10-21

47.16. For the purposes of section 47.15, a salary deferral arrangement does not include

(a)  a registered pension plan;

(a.1)  a pooled registered pension plan;

(b)  a disability or income maintenance insurance plan under a policy with an insurance corporation;

(c)  a deferred profit sharing plan;

(d)  a profit sharing plan;

(e)  an employee trust;

(e.1)  an employee life and health trust;

(f)  a group sickness or accident insurance plan;

(g)  a supplementary unemployment benefit plan;

(h)  a trust described in paragraph m of section 998;

(i)  a plan or arrangement the sole purpose of which is to provide education or training for employees of an employer to improve their work or work-related skills and abilities;

(j)  a plan or arrangement established for the purpose of deferring the salary or wages of a professional athlete for the services of the athlete as such with a team that participates in a league having regularly scheduled games;

(k)  a plan or arrangement under which an individual has a right to receive a bonus or similar payment in respect of services rendered by the individual in a taxation year to be paid within three years following the end of the year; or

(l)  a prescribed plan or arrangement.

1988, c. 18, s. 5; 1991, c. 25, s. 12; 1997, c. 3, s. 71; 1998, c. 16, s. 66; 2011, c. 6, s. 117; 2015, c. 21, s. 108.

2011-06-06

47.16. For the purposes of section 47.15, a salary deferral arrangement does not include

(a)  a registered pension plan;

(b)  a disability or income maintenance insurance plan under a policy with an insurance corporation;

(c)  a deferred profit sharing plan;

(d)  a profit sharing plan;

(e)  an employee trust;

(e.1)  an employee life and health trust;

(f)  a group sickness or accident insurance plan;

(g)  a supplementary unemployment benefit plan;

(h)  a trust described in paragraph m of section 998;

(i)  a plan or arrangement the sole purpose of which is to provide education or training for employees of an employer to improve their work or work-related skills and abilities;

(j)  a plan or arrangement established for the purpose of deferring the salary or wages of a professional athlete for the services of the athlete as such with a team that participates in a league having regularly scheduled games;

(k)  a plan or arrangement under which an individual has a right to receive a bonus or similar payment in respect of services rendered by the individual in a taxation year to be paid within three years following the end of the year; or

(l)  a prescribed plan or arrangement.

1988, c. 18, s. 5; 1991, c. 25, s. 12; 1997, c. 3, s. 71; 1998, c. 16, s. 66; 2011, c. 6, s. 117.

2006-03-01

47.16. For the purposes of section 47.15, a salary deferral arrangement does not include

(a)  a registered pension plan,

(b)  a disability or income maintenance insurance plan under a policy with an insurance corporation,

(c)  a deferred profit sharing plan,

(d)  a profit sharing plan,

(e)  an employee trust,

(f)  a group sickness or accident insurance plan,

(g)  a supplementary unemployment benefit plan,

(h)  a trust described in paragraph m of section 998,

(i)  a plan or arrangement the sole purpose of which is to provide education or training for employees of an employer to improve their work or work-related skills and abilities,

(j)  a plan or arrangement established for the purpose of deferring the salary or wages of a professional athlete for the services of the athlete as such with a team that participates in a league having regularly scheduled games,

(k)  a plan or arrangement under which an individual has a right to receive a bonus or similar payment in respect of services rendered by the individual in a taxation year to be paid within three years following the end of the year, or

(l)  a prescribed plan or arrangement.

1988, c. 18, s. 5; 1991, c. 25, s. 12; 1997, c. 3, s. 71; 1998, c. 16, s. 66.