Hyperlawhypertext legal database Income Tax Act

← Historical versions

Versions of s. 144.1(2)(e)(ii)

I-3.3 — Income Tax Act · 2 versions · View current text

Historical text comes from the Justice Laws point-in-time corpus and is unofficial — not the official version.

  1. 2021-06-29 to present available View Source
    atin least 75%respect of the membersprivate health services plan under the trust, the total cost of benefits provided to each key employee (and to persons described in subparagraph (2)(d)(ii) in respect of the classkey employee) in relation to the year does not exceed the amount determined by the formula$2,500 × A(B/C) where A is the total number of persons each of whom is a person to whom designated employee benefits are notprovided under the plan, and is the key employeesemployee or a person described in subparagraph (2)(d)(ii) in respect of the participatingkey employer;employee, B is the number of days in the year that the key employee was employed on a full-time basis by an employer that participates in the plan, and C is the number of days in the year;
    Full text

    in respect of the private health services plan under the trust, the total cost of benefits provided to each key employee (and to persons described in subparagraph (2)(d)(ii) in respect of the key employee) in relation to the year does not exceed the amount determined by the formula$2,500 × A(B/C) where A is the total number of persons each of whom is a person to whom designated employee benefits are provided under the plan, and is the key employee or a person described in subparagraph (2)(d)(ii) in respect of the key employee, B is the number of days in the year that the key employee was employed on a full-time basis by an employer that participates in the plan, and C is the number of days in the year;

  2. 2010-12-15 to 2021-06-29 View Source

    at least 75% of the members of the class are not key employees of the participating employer;