Please note that the following document, although believed to be correct at the time of issue, may not represent the current position of the CRA.
Prenez note que ce document, bien qu'exact au moment émis, peut ne pas représenter la position actuelle de l'ARC.
| |
May 18, 1990 |
| VANCOUVER DISTRICT OFFICE |
HEAD OFFICE |
| Chief of Source Deductions |
Financial Industries Division |
| CPP/UI Rulings |
D. Duff |
| |
(613) 957-3498 |
| Attention: W.R. Woodgate |
| |
File No. 900701 |
SUBJECT: 24(1) Deferred Salary/Leave Plans Canada Pension Plan (CPP) Deductions
This is in reply to your memorandum of May 4, 1990 concerning the letter from 19(1) of the above noted 24(1)
We concur with your proposed response that there is only one employer when the employer also acts as trustee for the deferred amounts. Also it is the Department's position that CPP deductions are to be based on the amount received in the year. Consequently, if the deferred amount is paid in the year following termination, the CPP deductions would be applied to that amount.
We trust this is satisfactory.
Wayne DouglasChiefDeferred Income Plans and Trusts Section Financial Industries DivisionRulings Directorate
c.c. Director Source Deductions Division Collections and Accounting Directorate
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© Her Majesty the Queen in Right of Canada, 1990
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© Sa Majesté la Reine du Chef du Canada, 1990
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