C-8.3 - Act respecting international financial centres

Section 20 Disposition versions

2005-06-17

20. The Minister shall issue to a corporation or partnership a certificate recognizing one of its employees as an employee other than a foreign specialist if, for the calendar year,

(1)  the qualification certificate issued to the corporation or partnership in accordance with section 15 in respect of the employee is valid; and

(2)  the employee’s duties with the corporation or partnership were devoted, in a proportion of at least 75%, to carrying out qualified international financial transactions as part of the operations of a business of the corporation or partnership in respect of which a qualification certificate issued in accordance with section 10 was valid.

The Minister shall forward a copy of the certificate to the employee.

1999, c. 86, s. 20; 2002, c. 40, s. 4; 2005, c. 23, s. 7.

2002-10-17

20. The Minister shall issue to a corporation or partnership a certificate recognizing one of its employees as an employee other than a foreign specialist where, for the calendar year,

(1)  the qualification certificate issued to the corporation or partnership pursuant to section 15 in respect of the employee is valid, and

(2)  the employee’s duties with the corporation or partnership were devoted, in a proportion of at least 75 %, to the operations of a business of the corporation or partnership in respect of which a qualification certificate issued under section 10 was valid.

The Minister shall forward a copy of the certificate to the employee.

1999, c. 86, s. 20; 2002, c. 40, s. 4.

1999-12-20

20. The Minister shall issue to a corporation or partnership a certificate recognizing one of its employees as an employee other than a foreign specialist where, for the calendar year,

(1)  the qualification certificate issued to the corporation or partnership pursuant to section 15 in respect of the employee is valid, and

(2)  the employee’s duties with the corporation or partnership

(a)  consisted, in a proportion of at least 75 %, of one or more of the following activities carried on in the course of the operations of a business of the corporation or partnership in respect of which a qualification certificate issued under section 10 was valid :

i.  carrying out qualified international financial transactions, other than back office activities,

ii.  assisting, by means of specific expertise in the field of qualified international financial transactions, an individual who carries out such transactions, other than back office activities,

iii.  directing or supervising the activities of an individual who carries out qualified international financial transactions, other than back office activities, or

(b)  were devoted, in a proportion of at least 75 %, to the operations of the business described in subparagraph a and the employee was a member of the strategic personnel of the business.

The Minister shall forward a copy of the certificate to the employee.

1999, c. 86, s. 20.