Income Tax Regulations (C.R.C., c. 945)

Regulations are current to 2015-08-04 and last amended on 2015-07-01. Previous Versions

 For the purposes of paragraph 40(2)(i) and clause 53(2)(k)(i)(C) of the Act, a stock savings plan governed by any of the following is a prescribed stock savings plan:

  • (a) the Alberta Stock Savings Plan Act, Statutes of Alberta 1986, c. A-37.7;

  • (bThe Stock Savings Tax Credit Act, Statutes of Saskatchewan 1986, c. S-59.1;

  • (c) the Stock Savings Plan Act, Revised Statutes of Nova Scotia, 1989, c. 445;

  • (d) the Stock Savings Tax Credit Act, Revised Statutes of Newfoundland, 1990, c. S-28; or

  • (e) section 11.6 of the Income Tax Act, Continuing Consolidation of the Statutes of Manitoba c. I10.

  • NOTE: Application provisions are not included in the consolidated text;
  • see relevant amending regulations. SOR/89-551, s. 5;
  • SOR/2001-289, s. 6.

 For the purpose of clause 204.81(1)(c)(v)(F) of the Act, a prescribed condition is that, in respect of a redemption of a Class A share of a corporation’s capital stock, the shareholder requires the corporation to withhold an amount in respect of the redemption in accordance with Part XII.5 of the Act.

  • NOTE: Application provisions are not included in the consolidated text;
  • see relevant amending regulations. SOR/92-398, s. 3;
  • SOR/94-686, s. 79(F);
  • SOR/96-174, s. 1;
  • SOR/98-281, s. 4.

 For the purpose of subsection 204.82(5) of the Act, a “prescribed provision of a law of a province” means section 25.1 of the Community Small Business Investment Funds Act, chapter 18 of the Statutes of Ontario, 1992.

  • NOTE: Application provisions are not included in the consolidated text;
  • see relevant amending regulations. SOR/99-102, s. 7.

 For the purposes of paragraph 204.8(2)(b), section 27.2 of the Community Small Business Investment Funds Act, 1992, S.O. 1992, c. 18, is a prescribed wind-up rule.

  • NOTE: Application provisions are not included in the consolidated text;
  • see relevant amending Acts and regulations. 2013, c. 34, s. 404;
  • 2014, c. 20, s. 35.

 For the purposes of section 211.81 of the Act, sections 1086.14 and 1086.20 of the Taxation Act, R.S.Q., c. I-3, are prescribed provisions of a provincial law.

  • NOTE: Application provisions are not included in the consolidated text;
  • see relevant amending Acts and regulations. 2013, c. 34, s. 404.

PART LXVIIIPRESCRIBED PLANS, ARRANGEMENTS AND CONTRIBUTIONS

[SOR/96-311, s. 1]

 For the purpose of paragraph (e) of the definition “employee benefit plan” in subsection 248(1) of the Act, each of the following is a prescribed arrangement:

  • (a) the Major League Baseball Players Benefit Plan;

  • (b) an arrangement under which all contributions are made pursuant to a law of Canada or a province, where one of the main purposes of the law is to enforce minimum standards with respect to wages, vacation entitlement or severance pay; and

  • (c) an arrangement under which all contributions are made in connection with a dispute regarding the entitlement of one or more persons to benefits to be received or enjoyed by the person or persons.

  • NOTE: Application provisions are not included in the consolidated text;
  • see relevant amending regulations. SOR/81-541, s. 1;
  • SOR/96-311, s. 2.