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I-3, r. 1 - Regulation respecting the Taxation Act
Section 1015r6
Disposition versions
1015R6. The aggregate mentioned in section 1015R5 in respect of remuneration is the aggregate of all amounts each of which is an amount that, except for an amount referred to in any of subparagraphs f to h, is deducted by an employer from that remuneration and that consists, in respect of an employee, of one of the following amounts:
(a) the employee’s premium paid to a registered retirement savings plan;
(a.1) the employee’s contribution to a first home savings account, where the employer believes on reasonable grounds that the contribution is deductible under Title IV.4 of Book VII of Part I of the Act in computing the employee’s income for the taxation year in which the remuneration is paid;
(b) the employee’s eligible contribution to a registered pension plan, a pooled registered pension plan or a specified pension plan;
(c) where the amount that the employer is required to deduct under section 1015 of the Act in respect of the employee’s remuneration is not established according to the mathematical formula referred to in the third paragraph of that section, the aggregate of
i. 75% of the amount deducted from the employee’s remuneration by the employer, pursuant to the employee’s authorization, for the purchase by that employee as first purchaser of class “A” shares issued by the corporation governed by the Act to establish the Fonds de solidarité des travailleurs du Québec (F.T.Q.) (chapter F-3.2.1) or class “A” or “B” shares, other than shares referred to in subparagraph ii or iii, issued by the corporation governed by the Act to establish Fondaction, le Fonds de développement de la Confédération des syndicats nationaux pour la coopération et l’emploi (chapter F-3.1.2), without the total of the amounts determined under this subparagraph exceeding, for a year, 75% of the amount determined by the formula
$5,000 – A;
ii. 125% of the amount deducted from the employee’s remuneration by the employer, pursuant to the employee’s authorization, for the purchase by that employee as first purchaser of class “A” or “B” shares issued by the corporation governed by the Act to establish Fondaction, le Fonds de développement de la Confédération des syndicats nationaux pour la coopération et l’emploi and acquired during the period that begins on 1 June 2009 and ends on 31 May 2015, without the total of the amounts determined under this subparagraph exceeding $6,250 for a year;
iii. the amount deducted from the employee’s remuneration by the employer, pursuant to the employee’s authorization, for the purchase by that employee as first purchaser of class “A” or “B” shares issued by the corporation governed by the Act to establish Fondaction, le Fonds de développement de la Confédération des syndicats nationaux pour la coopération et l’emploi and acquired during the period that begins on 1 June 2015 and ends on 31 May 2021, without the total of the amounts determined under this subparagraph exceeding the amount for a year determined by the formula
$5,000 – B;
(d) where the amount that the employer is required to deduct under section 1015 of the Act in respect of the employee’s remuneration is not established according to the mathematical formula referred to in the third paragraph of that section, the amount obtained by multiplying the appropriate percentage determined under section 1015R7 by the amount deducted from the employee’s remuneration by the employer, pursuant to the employee’s authorization, for the acquisition by that employee of a qualifying security within the meaning of the cooperative investment plan, established under Décret 1596-85 (85-08-07), or under the Cooperative Investment Plan Act (chapter R-8.1.1), without the total of the amounts determined under this subparagraph exceeding, for a year, 30% of the amount by which the salary or wages paid to the employee for the year exceeds the total of the amounts determined for the year under subparagraphs a and b, in respect of a qualifying security;
(e) the contribution that may be deducted by the employee under section 70.2 of the Act;
(f) the employee’s remuneration or part of remuneration referred to in section 63 of the Act respecting international financial centres (chapter C-8.3), from the employee’s employment with a corporation operating an international financial centre;
(g) the employee’s remuneration referred to in section 1015.0.1 of the Act;
(h) where the employee’s remuneration includes a particular amount representing the value or amount of the benefits granted by the employer in relation to a trip and the particular amount is required to be included in the aggregate described, in respect of the employee in relation to the trip, in the definition of “amount on account of employer-provided travel benefits” in section 350.0.1 of the Act, the amount that the employee could deduct under section 350.1 of the Act because of subparagraph a of the first paragraph of section 350.2 of the Act, if the employee claimed in respect of the trip an amount under subparagraph a of the first paragraph of section 350.2R4 equal to the particular amount;
(i) the amount that may be deducted by the employee as a contribution under subparagraph iii of paragraph j of section 339 of the Act.
In the formulas in subparagraphs i and iii of subparagraph c of the first paragraph,
(a) A is the lesser of $5,000 and the aggregate of all amounts, referred to in subparagraphs ii and iii of that subparagraph c, deducted from the employee’s remuneration by the employer, in relation to the year; and
(b) B is the lesser of $5,000 and the amount, referred to in subparagraph ii of that subparagraph c, deducted from the employee’s remuneration by the employer, in relation to the year.
1015R6. The aggregate mentioned in section 1015R5 in respect of remuneration is, in respect of an employee, the aggregate of
(a) the employee’s premium paid to a registered retirement savings plan;
(a.1) the employee’s contribution to a first home savings account, where the employer believes on reasonable grounds that the contribution is deductible under Title IV.4 of Book VII of Part I of the Act in computing the employee’s income for the taxation year in which the remuneration is paid;
(b) the employee’s eligible contribution to a registered pension plan, a pooled registered pension plan or a specified pension plan;
(c) where the amount that the employer is required to deduct under section 1015 of the Act in respect of the employee’s remuneration is not established according to the mathematical formula referred to in the third paragraph of that section, the aggregate of
i. 75% of the amount deducted from the employee’s remuneration by the employer, pursuant to the employee’s authorization, for the purchase by that employee as first purchaser of class “A” shares issued by the corporation governed by the Act to establish the Fonds de solidarité des travailleurs du Québec (F.T.Q.) (chapter F-3.2.1) or class “A” or “B” shares, other than shares referred to in subparagraph ii or iii, issued by the corporation governed by the Act to establish Fondaction, le Fonds de développement de la Confédération des syndicats nationaux pour la coopération et l’emploi (chapter F-3.1.2), without the total of the amounts determined under this subparagraph exceeding, for a year, 75% of the amount determined by the formula
$5,000 – A;
ii. 125% of the amount deducted from the employee’s remuneration by the employer, pursuant to the employee’s authorization, for the purchase by that employee as first purchaser of class “A” or “B” shares issued by the corporation governed by the Act to establish Fondaction, le Fonds de développement de la Confédération des syndicats nationaux pour la coopération et l’emploi and acquired during the period that begins on 1 June 2009 and ends on 31 May 2015, without the total of the amounts determined under this subparagraph exceeding $6,250 for a year;
iii. the amount deducted from the employee’s remuneration by the employer, pursuant to the employee’s authorization, for the purchase by that employee as first purchaser of class “A” or “B” shares issued by the corporation governed by the Act to establish Fondaction, le Fonds de développement de la Confédération des syndicats nationaux pour la coopération et l’emploi and acquired during the period that begins on 1 June 2015 and ends on 31 May 2021, without the total of the amounts determined under this subparagraph exceeding the amount for a year determined by the formula
$5,000 – B;
(d) where the amount that the employer is required to deduct under section 1015 of the Act in respect of the employee’s remuneration is not established according to the mathematical formula referred to in the third paragraph of that section, the amount obtained by multiplying the appropriate percentage determined under section 1015R7 by the amount deducted from the employee’s remuneration by the employer, pursuant to the employee’s authorization, for the acquisition by that employee of a qualifying security within the meaning of the cooperative investment plan, established under Décret 1596-85 (85-08-07), or under the Cooperative Investment Plan Act (chapter R-8.1.1), without the total of the amounts determined under this subparagraph exceeding, for a year, 30% of the amount by which the salary or wages paid to the employee for the year exceeds the total of the amounts determined for the year under subparagraphs a and b, in respect of a qualifying security;
(e) the contribution that may be deducted by the employee under section 70.2 of the Act;
(f) the employee’s remuneration or part of remuneration referred to in section 63 of the Act respecting international financial centres (chapter C-8.3), from the employee’s employment with a corporation operating an international financial centre;
(g) the employee’s remuneration referred to in section 1015.0.1 of the Act;
(h) where the employee’s remuneration includes a particular amount representing the value or amount of the benefits granted by the employer in relation to a trip and the particular amount is required to be included in the aggregate described, in respect of the employee in relation to the trip, in the definition of “amount on account of employer-provided travel benefits” in section 350.0.1 of the Act, the amount that the employee could deduct under section 350.1 of the Act because of subparagraph a of the first paragraph of section 350.2 of the Act, if the employee claimed in respect of the trip an amount under subparagraph a of the first paragraph of section 350.2R4 equal to the particular amount;
(i) the amount that may be deducted by the employee as a contribution under subparagraph iii of paragraph j of section 339 of the Act.
In the formulas in subparagraphs i and iii of subparagraph c of the first paragraph,
(a) A is the lesser of $5,000 and the aggregate of all amounts, referred to in subparagraphs ii and iii of that subparagraph c, deducted from the employee’s remuneration by the employer, in relation to the year; and
(b) B is the lesser of $5,000 and the amount, referred to in subparagraph ii of that subparagraph c, deducted from the employee’s remuneration by the employer, in relation to the year.
1015R6. The aggregate mentioned in section 1015R5 in respect of remuneration is, in respect of an employee, the aggregate of
(a) the employee’s premium paid to a registered retirement savings plan;
(b) the employee’s eligible contribution to a registered pension plan, a pooled registered pension plan or a specified pension plan;
(c) where the amount that the employer is required to deduct under section 1015 of the Act in respect of the employee’s remuneration is not established according to the mathematical formula referred to in the third paragraph of that section, the aggregate of
i. 75% of the amount deducted from the employee’s remuneration by the employer, pursuant to the employee’s authorization, for the purchase by that employee as first purchaser of class “A” shares issued by the corporation governed by the Act to establish the Fonds de solidarité des travailleurs du Québec (F.T.Q.) (chapter F-3.2.1) or class “A” or “B” shares, other than shares referred to in subparagraph ii or iii, issued by the corporation governed by the Act to establish Fondaction, le Fonds de développement de la Confédération des syndicats nationaux pour la coopération et l’emploi (chapter F-3.1.2), without the total of the amounts determined under this subparagraph exceeding, for a year, 75% of the amount determined by the formula
$5,000 - A;
ii. 125% of the amount deducted from the employee’s remuneration by the employer, pursuant to the employee’s authorization, for the purchase by that employee as first purchaser of class “A” or “B” shares issued by the corporation governed by the Act to establish Fondaction, le Fonds de développement de la Confédération des syndicats nationaux pour la coopération et l’emploi and acquired during the period that begins on 1 June 2009 and ends on 31 May 2015, without the total of the amounts determined under this subparagraph exceeding $6,250 for a year;
iii. the amount deducted from the employee’s remuneration by the employer, pursuant to the employee’s authorization, for the purchase by that employee as first purchaser of class “A” or “B” shares issued by the corporation governed by the Act to establish Fondaction, le Fonds de développement de la Confédération des syndicats nationaux pour la coopération et l’emploi and acquired during the period that begins on 1 June 2015 and ends on 31 May 2021, without the total of the amounts determined under this subparagraph exceeding the amount for a year determined by the formula
$5,000 – B;
(d) where the amount that the employer is required to deduct under section 1015 of the Act in respect of the employee’s remuneration is not established according to the mathematical formula referred to in the third paragraph of that section, the amount obtained by multiplying the appropriate percentage determined under section 1015R7 by the amount deducted from the employee’s remuneration by the employer, pursuant to the employee’s authorization, for the acquisition by that employee of a qualifying security within the meaning of the cooperative investment plan, established under Décret 1596-85 (85-08-07), or under the Cooperative Investment Plan Act (chapter R-8.1.1), without the total of the amounts determined under this subparagraph exceeding, for a year, 30% of the amount by which the salary or wages paid to the employee for the year exceeds the total of the amounts determined for the year under subparagraphs a and b, in respect of a qualifying security;
(e) the contribution that may be deducted by the employee under section 70.2 of the Act;
(f) the employee’s remuneration or part of remuneration referred to in section 63 of the Act respecting international financial centres (chapter C-8.3), from the employee’s employment with a corporation operating an international financial centre;
(g) the employee’s remuneration referred to in section 1015.0.1 of the Act;
(h) where the employee’s remuneration includes a particular amount representing the value or amount of the benefits granted by the employer in relation to a trip and the particular amount is required to be included in the aggregate described, in respect of the employee in relation to the trip, in the definition of “amount on account of employer-provided travel benefits” in section 350.0.1 of the Act, the amount that the employee could deduct under section 350.1 of the Act because of subparagraph a of the first paragraph of section 350.2 of the Act, if the employee claimed in respect of the trip an amount under subparagraph a of the first paragraph of section 350.2R4 equal to the particular amount;
(i) the amount that may be deducted by the employee as a contribution under subparagraph iii of paragraph j of section 339 of the Act.
In the formulas in subparagraphs i and iii of subparagraph c of the first paragraph,
(a) A is the lesser of $5,000 and the aggregate of all amounts, referred to in subparagraphs ii and iii of that subparagraph c, deducted from the employee’s remuneration by the employer, in relation to the year; and
(b) B is the lesser of $5,000 and the amount, referred to in subparagraph ii of that subparagraph c, deducted from the employee’s remuneration by the employer, in relation to the year.
1015R6. The aggregate mentioned in section 1015R5 in respect of remuneration is, in respect of an employee, the aggregate of
(a) the employee’s premium paid to a registered retirement savings plan;
(b) the employee’s eligible contribution to a registered pension plan, a pooled registered pension plan or a specified pension plan;
(c) where the amount that the employer is required to deduct under section 1015 of the Act in respect of the employee’s remuneration is not established according to the mathematical formula referred to in the third paragraph of that section, the aggregate of
i. 75% of the amount deducted from the employee’s remuneration by the employer, pursuant to the employee’s authorization, for the purchase by that employee as first purchaser of class “A” shares issued by the corporation governed by the Act to establish the Fonds de solidarité des travailleurs du Québec (F.T.Q.) (chapter F-3.2.1) or class “A” or “B” shares, other than shares referred to in subparagraph ii or iii, issued by the corporation governed by the Act to establish Fondaction, le Fonds de développement de la Confédération des syndicats nationaux pour la coopération et l’emploi (chapter F-3.1.2), without the total of the amounts determined under this subparagraph exceeding, for a year, 75% of the amount determined by the formula
$5,000 - A;
ii. 125% of the amount deducted from the employee’s remuneration by the employer, pursuant to the employee’s authorization, for the purchase by that employee as first purchaser of class “A” or “B” shares issued by the corporation governed by the Act to establish Fondaction, le Fonds de développement de la Confédération des syndicats nationaux pour la coopération et l’emploi and acquired during the period that begins on 1 June 2009 and ends on 31 May 2015, without the total of the amounts determined under this subparagraph exceeding $6,250 for a year;
iii. the amount deducted from the employee’s remuneration by the employer, pursuant to the employee’s authorization, for the purchase by that employee as first purchaser of class “A” or “B” shares issued by the corporation governed by the Act to establish Fondaction, le Fonds de développement de la Confédération des syndicats nationaux pour la coopération et l’emploi and acquired during the period that begins on 1 June 2015 and ends on 31 May 2021, without the total of the amounts determined under this subparagraph exceeding the amount for a year determined by the formula
$5,000 – B;
(d) where the amount that the employer is required to deduct under section 1015 of the Act in respect of the employee’s remuneration is not established according to the mathematical formula referred to in the third paragraph of that section, the amount obtained by multiplying the appropriate percentage determined under section 1015R7 by the amount deducted from the employee’s remuneration by the employer, pursuant to the employee’s authorization, for the acquisition by that employee of a qualifying security within the meaning of the cooperative investment plan, established under Décret 1596-85 (85-08-07), or under the Cooperative Investment Plan Act (chapter R-8.1.1), without the total of the amounts determined under this subparagraph exceeding, for a year, 30% of the amount by which the salary or wages paid to the employee for the year exceeds the total of the amounts determined for the year under subparagraphs a and b, in respect of a qualifying security;
(e) the contribution that may be deducted by the employee under section 70.2 of the Act;
(f) the employee’s remuneration or part of remuneration referred to in section 63 of the Act respecting international financial centres (chapter C-8.3), from the employee’s employment with a corporation operating an international financial centre;
(g) the employee’s remuneration referred to in section 1015.0.1 of the Act;
(h) the amount that may be deductible by the employee under section 350.1 of the Act because of subparagraph a of the first paragraph of section 350.2 of the Act; and
(i) the amount that may be deducted by the employee as a contribution under subparagraph iii of paragraph j of section 339 of the Act.
In the formulas in subparagraphs i and iii of subparagraph c of the first paragraph,
(a) A is the lesser of $5,000 and the aggregate of all amounts, referred to in subparagraphs ii and iii of that subparagraph c, deducted from the employee’s remuneration by the employer, in relation to the year; and
(b) B is the lesser of $5,000 and the amount, referred to in subparagraph ii of that subparagraph c, deducted from the employee’s remuneration by the employer, in relation to the year.
1015R6. The aggregate mentioned in section 1015R5 in respect of remuneration is, in respect of an employee, the aggregate of
(a) the employee’s premium paid to a registered retirement savings plan;
(b) the employee’s eligible contribution to a registered pension plan, a pooled registered pension plan or a specified pension plan;
(c) where the amount that the employer is required to deduct under section 1015 of the Act in respect of the employee’s remuneration is not established according to the mathematical formula referred to in the third paragraph of that section, the aggregate of
i. 75% of the amount deducted from the employee’s remuneration by the employer, pursuant to the employee’s authorization, for the purchase by that employee as first purchaser of class “A” shares issued by the corporation governed by the Act to establish the Fonds de solidarité des travailleurs du Québec (F.T.Q.) (chapter F-3.2.1) or class “A” or “B” shares, other than shares referred to in subparagraph ii or iii, issued by the corporation governed by the Act to establish Fondaction, le Fonds de développement de la Confédération des syndicats nationaux pour la coopération et l’emploi (chapter F-3.1.2), without the total of the amounts determined under this subparagraph exceeding, for a year, 75% of the amount determined by the formula
$5,000 - A;
ii. 125% of the amount deducted from the employee’s remuneration by the employer, pursuant to the employee’s authorization, for the purchase by that employee as first purchaser of class “A” or “B” shares issued by the corporation governed by the Act to establish Fondaction, le Fonds de développement de la Confédération des syndicats nationaux pour la coopération et l’emploi and acquired during the period that begins on 1 June 2009 and ends on 31 May 2015, without the total of the amounts determined under this subparagraph exceeding $6,250 for a year;
iii. the amount deducted from the employee’s remuneration by the employer, pursuant to the employee’s authorization, for the purchase by that employee as first purchaser of class “A” or “B” shares issued by the corporation governed by the Act to establish Fondaction, le Fonds de développement de la Confédération des syndicats nationaux pour la coopération et l’emploi and acquired during the period that begins on 1 June 2015 and ends on 31 May 2021, without the total of the amounts determined under this subparagraph exceeding the amount for a year determined by the formula
$5,000 – B;
(d) where the amount that the employer is required to deduct under section 1015 of the Act in respect of the employee’s remuneration is not established according to the mathematical formula referred to in the third paragraph of that section, the amount obtained by multiplying the appropriate percentage determined under section 1015R7 by the amount deducted from the employee’s remuneration by the employer, pursuant to the employee’s authorization, for the acquisition by that employee of a qualifying security within the meaning of the cooperative investment plan, established under Décret 1596-85 (85-08-07), or under the Cooperative Investment Plan Act (chapter R-8.1.1), without the total of the amounts determined under this subparagraph exceeding, for a year, 30% of the amount by which the salary or wages paid to the employee for the year exceeds the total of the amounts determined for the year under subparagraphs a and b, in respect of a qualifying security;
(e) the contribution that may be deducted by the employee under section 70.2 of the Act;
(f) the employee’s remuneration or part of remuneration referred to in section 63 of the Act respecting international financial centres (chapter C-8.3), from the employee’s employment with a corporation or partnership operating an international financial centre;
(g) the employee’s remuneration referred to in section 1015.0.1 of the Act; and
(h) the amount that may be deductible by the employee under section 350.1 of the Act because of subparagraph a of the first paragraph of section 350.2 of the Act.
In the formulas in subparagraphs i and iii of subparagraph c of the first paragraph,
(a) A is the lesser of $5,000 and the aggregate of all amounts, referred to in subparagraphs ii and iii of that subparagraph c, deducted from the employee’s remuneration by the employer, in relation to the year; and
(b) B is the lesser of $5,000 and the amount, referred to in subparagraph ii of that subparagraph c, deducted from the employee’s remuneration by the employer, in relation to the year.
1015R6. The aggregate mentioned in section 1015R5 in respect of remuneration is, in respect of an employee, the aggregate of
(a) the employee’s premium paid to a registered retirement savings plan;
(b) the employee’s eligible contribution to a registered pension plan, a pooled registered pension plan or a specified pension plan;
(c) where the amount that the employer is required to deduct under section 1015 of the Act in respect of the employee’s remuneration is not established according to the mathematical formula referred to in the third paragraph of that section, the aggregate of
i. 75% of the amount deducted from the employee’s remuneration by the employer, pursuant to the employee’s authorization, for the purchase by that employee as first purchaser of class “A” shares issued by the corporation governed by the Act to establish the Fonds de solidarité des travailleurs du Québec (F.T.Q.) (chapter F-3.2.1) or class “A” or “B” shares, other than shares referred to in subparagraph ii or iii, issued by the corporation governed by the Act to establish Fondaction, le Fonds de développement de la Confédération des syndicats nationaux pour la coopération et l’emploi (chapter F-3.1.2), without the total of the amounts determined under this subparagraph exceeding, for a year, 75% of the amount determined by the formula
$5,000 - A;
ii. 125% of the amount deducted from the employee’s remuneration by the employer, pursuant to the employee’s authorization, for the purchase by that employee as first purchaser of class “A” or “B” shares issued by the corporation governed by the Act to establish Fondaction, le Fonds de développement de la Confédération des syndicats nationaux pour la coopération et l’emploi and acquired during the period that begins on 1 June 2009 and ends on 31 May 2015, without the total of the amounts determined under this subparagraph exceeding $6,250 for a year;
iii. the amount deducted from the employee’s remuneration by the employer, pursuant to the employee’s authorization, for the purchase by that employee as first purchaser of class “A” or “B” shares issued by the corporation governed by the Act to establish Fondaction, le Fonds de développement de la Confédération des syndicats nationaux pour la coopération et l’emploi and acquired during the period that begins on 1 June 2015 and ends on 31 May 2018, without the total of the amounts determined under this subparagraph exceeding the amount for a year determined by the formula
$5,000 – B.
(d) where the amount that the employer is required to deduct under section 1015 of the Act in respect of the employee’s remuneration is not established according to the mathematical formula referred to in the third paragraph of that section, the amount obtained by multiplying the appropriate percentage determined under section 1015R7 by the amount deducted from the employee’s remuneration by the employer, pursuant to the employee’s authorization, for the acquisition by that employee of a qualifying security within the meaning of the cooperative investment plan, established under Décret 1596-85 (85-08-07), or under the Cooperative Investment Plan Act (chapter R-8.1.1), without the total of the amounts determined under this subparagraph exceeding, for a year, 30% of the amount by which the salary or wages paid to the employee for the year exceeds the total of the amounts determined for the year under subparagraphs a and b, in respect of a qualifying security;
(e) the contribution that may be deducted by the employee under section 70.2 of the Act;
(f) the employee’s remuneration or part of remuneration referred to in section 63 of the Act respecting international financial centres (chapter C-8.3), from the employee’s employment with a corporation or partnership operating an international financial centre;
(g) the employee’s remuneration referred to in section 1015.0.1 of the Act; and
(h) the amount that may be deductible by the employee under section 350.1 of the Act because of subparagraph a of the first paragraph of section 350.2 of the Act.
In the formulas in subparagraphs i and iii of subparagraph c of the first paragraph,
(a) A is the lesser of $5,000 and the aggregate of all amounts, referred to in subparagraphs ii and iii of that subparagraph c, deducted from the employee’s remuneration by the employer, in relation to the year; and
(b) B is the lesser of $5,000 and the amount, referred to in subparagraph ii of that subparagraph c, deducted from the employee’s remuneration by the employer, in relation to the year.
1015R6. The aggregate mentioned in section 1015R5 in respect of remuneration is, in respect of an employee, the aggregate of
(a) the employee’s premium paid to a registered retirement savings plan;
(b) the employee’s eligible contribution to a registered pension plan, a pooled registered pension plan or a specified pension plan;
(c) where the amount that the employer is required to deduct under section 1015 of the Act in respect of the employee’s remuneration is not established according to the mathematical formula referred to in the third paragraph of that section, the aggregate of
i. 75% of the amount deducted from the employee’s remuneration by the employer, pursuant to the employee’s authorization, for the purchase by that employee as first purchaser of class “A” shares issued by the corporation governed by the Act to establish the Fonds de solidarité des travailleurs du Québec (F.T.Q.) (chapter F-3.2.1) or class “A” or “B” shares, other than shares referred to in subparagraph ii, issued by the corporation governed by the Act to establish Fondaction, le Fonds de développement de la Confédération des syndicats nationaux pour la coopération et l’emploi (chapter F-3.1.2), without the total of the amounts determined under this subparagraph exceeding, for a year, 75% of the amount determined by the formula
$5,000 - A;
ii. 125% of the amount deducted from the employee’s remuneration by the employer, pursuant to the employee’s authorization, for the purchase by that employee as first purchaser of class “A” or “B” shares issued by the corporation governed by the Act to establish Fondaction, le Fonds de développement de la Confédération des syndicats nationaux pour la coopération et l’emploi and acquired during the period that begins on 1 June 2009 and ends on the last day of the corporation’s taxation year during which the capital paid in respect of the shares of its capital stock reaches, for the first time, $1,250,000,000, without the total of the amounts determined under this subparagraph exceeding, for a year, 125% of the amount determined by the formula
$5,000 - B;
(d) where the amount that the employer is required to deduct under section 1015 of the Act in respect of the employee’s remuneration is not established according to the mathematical formula referred to in the third paragraph of that section, the amount obtained by multiplying the appropriate percentage determined under section 1015R7 by the amount deducted from the employee’s remuneration by the employer, pursuant to the employee’s authorization, for the acquisition by that employee of a qualifying security within the meaning of the cooperative investment plan, established under Décret 1596-85 (85-08-07), or under the Cooperative Investment Plan Act (chapter R-8.1.1), without the total of the amounts determined under this subparagraph exceeding, for a year, 30% of the amount by which the salary or wages paid to the employee for the year exceeds the total of the amounts determined for the year under subparagraphs a and b, in respect of a qualifying security;
(e) the contribution that may be deducted by the employee under section 70.2 of the Act;
(f) the employee’s remuneration or part of remuneration referred to in section 63 of the Act respecting international financial centres (chapter C-8.3), from the employee’s employment with a corporation or partnership operating an international financial centre;
(g) the employee’s remuneration referred to in section 1015.0.1 of the Act; and
(h) the amount that may be deductible by the employee under section 350.1 of the Act because of subparagraph a of the first paragraph of section 350.2 of the Act.
In the formulas in subparagraphs i and ii of subparagraph c of the first paragraph,
(a) A is the lesser of $5,000 and the amount referred to in subparagraph ii of that subparagraph c, deducted by the employer from the employee’s remuneration, in relation to the year; and
(b) B is the lesser of $5,000 and the amount determined, in relation to the year, according to the formula in subparagraph i of that subparagraph c.
1015R6. The aggregate mentioned in section 1015R5 in respect of remuneration is, in respect of an employee, the aggregate of
(a) the employee’s premium paid to a registered retirement savings plan;
(b) the employee’s eligible contribution to a registered pension plan;
(c) where the amount that the employer is required to deduct under section 1015 of the Act in respect of the employee’s remuneration is not established according to the mathematical formula referred to in the third paragraph of that section, the aggregate of
i. 75% of the amount deducted from the employee’s remuneration by the employer, pursuant to the employee’s authorization, for the purchase by that employee as first purchaser of class “A” shares issued by the corporation governed by the Act to establish the Fonds de solidarité des travailleurs du Québec (F.T.Q.) (chapter F-3.2.1) or class “A” or “B” shares, other than shares referred to in subparagraph ii, issued by the corporation governed by the Act to establish Fondaction, le Fonds de développement de la Confédération des syndicats nationaux pour la coopération et l’emploi (chapter F-3.1.2), without the total of the amounts determined under this subparagraph exceeding, for a year, 75% of the amount determined by the formula
$5,000 - A;
ii. 125% of the amount deducted from the employee’s remuneration by the employer, pursuant to the employee’s authorization, for the purchase by that employee as first purchaser of class “A” or “B” shares issued by the corporation governed by the Act to establish Fondaction, le Fonds de développement de la Confédération des syndicats nationaux pour la coopération et l’emploi and acquired during the period that begins on 1 June 2009 and ends on the last day of the corporation’s taxation year during which the capital paid in respect of the shares of its capital stock reaches, for the first time, $1,250,000,000, without the total of the amounts determined under this subparagraph exceeding, for a year, 125% of the amount determined by the formula
$5,000 - B;
(d) where the amount that the employer is required to deduct under section 1015 of the Act in respect of the employee’s remuneration is not established according to the mathematical formula referred to in the third paragraph of that section, the amount obtained by multiplying the appropriate percentage determined under section 1015R7 by the amount deducted from the employee’s remuneration by the employer, pursuant to the employee’s authorization, for the acquisition by that employee of a qualifying security within the meaning of the cooperative investment plan, established under Décret 1596-85 (85-08-07), or under the Cooperative Investment Plan Act (chapter R-8.1.1), without the total of the amounts determined under this subparagraph exceeding, for a year, 30% of the amount by which the salary or wages paid to the employee for the year exceeds the total of the amounts determined for the year under subparagraphs a and b, in respect of a qualifying security;
(e) the contribution that may be deducted by the employee under section 70.2 of the Act;
(f) the employee’s remuneration or part of remuneration referred to in section 63 of the Act respecting international financial centres (chapter C-8.3), from the employee’s employment with a corporation or partnership operating an international financial centre;
(g) the employee’s remuneration referred to in section 1015.0.1 of the Act; and
(h) the amount that may be deductible by the employee under section 350.1 of the Act because of subparagraph a of the first paragraph of section 350.2 of the Act.
In the formulas in subparagraphs i and ii of subparagraph c of the first paragraph,
(a) A is the lesser of $5,000 and the amount referred to in subparagraph ii of that subparagraph c, deducted by the employer from the employee’s remuneration, in relation to the year; and
(b) B is the lesser of $5,000 and the amount determined, in relation to the year, according to the formula in subparagraph i of that subparagraph c.
