Income Tax Act — I-3.3 153
Withholding 153 (1) Every person paying at any time in a taxation year (a) salary, wages or other remuneration, other than (i) amounts described in subsection 212(5.1), and (ii) amounts paid at any time by an employer to an employee if, at that time, the employer is a qualifying non-resident employer and the employee is a qualifying non-resident employee, (b) a superannuation or pension benefit, (c) a retiring allowance, (d) a death benefit, (d.1) an amount described in subparagraph 56(1)(a)(iv), (vii) or (viii), (d.2) an amount described in paragraph 56(1)(a.3), (e) an amount as a benefit under a supplementary unemployment benefit plan, (f) an annuity payment or a payment in full or partial commutation of an annuity, (g) fees, commissions or other amounts for services, other than amounts described in subsection 115(2.3) or 212(5.1), (h) a payment under a deferred profit sharing plan or a plan referred to in section 147 as a revoked plan, (i) a payment from a registered disability savings plan, (j) a payment out of or under a registered retirement savings plan or a plan referred to in subsection 146(12) as an “amended plan”, (k) an amount as, on account or in lieu of payment of, or in satisfaction of, proceeds of the surrender, cancellation or redemption of an income-averaging annuity contract, (l) a payment out of or under a registered retirement income fund or a fund referred to in subsection 146.3(11) as an “amended fund”, (m) a prescribed benefit under a government assistance program, (m.1) [Repealed, 1994, c. 21, s. 77(1)] (n) one or more amounts to an individual who has elected for the year in prescribed form in respect of all such amounts, (o) an amount described in paragraph 115(2)(c.1), (p) a contribution under a retirement compensation arrangement, (q) an amount as a distribution to one or more persons out of or under a retirement compensation arrangement, (r) an amount on account of the purchase price of an interest in a retirement compensation arrangement, (s) an amount described in paragraph 56(1)(r), (z.2) or (z.4), (t) a payment made under a plan that was a registered education savings plan, (u) a payment out of or under an advanced life deferred annuity, or (v) a payment out of or under a FHSA, if the amount is required by section 146.6 to be included in computing a taxpayer’s income must deduct or withhold from the payment the amount determined in accordance with prescribed rules and must, at the prescribed time, remit that amount to the Receiver General on account of the payee’s tax for the year under this Part or Part XI.3, as the case may be, and, where at that prescribed time the person is a prescribed person, the remittance must be made to the account of the Receiver General at or through a designated financial institution. Withholding — stock option benefits (1.01) An amount that is deemed to have been received by a taxpayer as a benefit under or because of any of paragraphs 7(1)(a) to (d.1) is remuneration paid as a bonus for the purposes of paragraph (1)(a), except the portion, if any, of the amount that is (a) deductible by the taxpayer under paragraph 110(1)(d) in computing the taxpayer’s taxable income for a taxation year; (b) deemed to have been received in a taxation year as a benefit because of a disposition of securities to which subsection 7(1.1) applies; or (c) determined under paragraph 110(2.1)(b) to be deductible by the taxpayer under paragraph 110(1)(d.01) in computing the taxpayer’s taxable income for a taxation year. COVID-19 — deemed remittance (1.02) For the purposes of this Act, if an eligible employer pays, at a particular time that is within the eligible period, eligible remuneration in respect of which a particular amount is required to be deducted or withheld under subsection (1), then the eligible employer is deemed to have remitted to the Receiver General at the particular time in respect of the particular amount, an amount equal to the least of (a) the amount determined by the