Income Tax Regulations — 108
ce Act . (1.3) For the purposes of subsection (1.2), where a particular employer that is a corporation has acquired in a taxation year of the corporation ending in a particular calendar year all or substantially all of the property of another employer used by the other employer in a business (a) in a transaction in respect of which an election was made under subsection 85(1) or (2) of the Act, (b) by virtue of an amalgamation within the meaning assigned to that term by section 87 of the Act, or (c) as the result of a winding-up in respect of which subsection 88(1) of the Act is applicable, the other employer shall be deemed to be a corporation associated with the particular employer in the taxation year and each taxation year ending at any time in the next two following calendar years. (1.4) For the purposes of subsection (1.13) an employer (a) becomes a new employer at the beginning of any month after 2015 in which the employer first becomes an employer; and (b) ceases to be a new employer at a specified time in a particular year, if in a particular month the employer does not meet any of the following conditions: (i) the monthly withholding amount in respect of the employer for the particular month is less than $1,000, (ii) throughout the 12-month period before that time, the employer has remitted, on or before the day on or before which the amounts were required to be remitted, all amounts each of which was required to be remitted under subsection 153(1) of the Act, subsection 21(1) of the Canada Pension Plan , subsection 82(1) of the Employment Insurance Act or Part IX of the Excise Tax Act , and (iii) throughout the 12-month period before that time, the employer has filed all returns each of which was required to be filed under the Act or Part IX of the Excise Tax Act on or before the day on or before which those returns were required to be filed under those Acts. (1.41) For the purposes of subsection (1.4), the specified time is the end of (a) March of the particular year, if the particular month is January, February or March of that year; (b) June of the particular year, if the particular month is April, May or June of that year; (c) September of the particular year, if the particular month is July, August or September of that year; and (d) December of the particular year, if the particular month is October, November or December of that year. (2) Where an employer has ceased to carry on business, any amount deducted or withheld under subsection 153(1) of the Act that has not been remitted to the Receiver General shall be paid within 7 days of the day when the employer ceased to carry on business. (3) Remittances made to the Receiver General under subsection 153(1) of the Act shall be accompanied by a return in prescribed form. (4) Amounts deducted or withheld under subsection 153(4) of the Act shall be remitted to the Receiver General within 60 days after the end of the taxation year subsequent to the 12-month period referred to in that subsection. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/87-718, s. 1; SOR/88-165, s. 31(F); SOR/89-579, s. 1; SOR/91-536, s. 3; SOR/93-93, s. 1; SOR/94-686, s. 79(F); SOR/97-472, s. 3; SOR/99-17, s. 4; 2007, c. 35, s. 71; 2014, c. 20, s. 33; 2015, c. 36, s. 20