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Versions of s. 144.1(7)

I-3.3 — Income Tax Act · 1 version · View current text

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

  1. 2010-12-15 to present available View Source

    The amount deducted in a taxation year by an employer in computing its income in respect of contributions made to an employee life and health trust shall not exceed the amount determined by the formula A – B where A is the total of all amounts contributed by the employer to the trust in the year or in a preceding taxation year; and B is the total of all amounts deducted by the employer in a preceding taxation year in respect of amounts contributed by the employer to the trust.