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O. Reg. 395/00: AMOUNTS DEDUCTED OR WITHHELD BY EMPLOYERS

filed June 26, 2000 under Income Tax Act, R.S.O. 1990, c. I.2

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ONTARIO REGULATION 395/00

made under the

INCOME TAX ACT

Made: June 21, 2000
Filed: June 26, 2000

Amending Reg. 646 of R.R.O. 1990

(Amounts Deducted or Withheld by Employers)

Note: Since the end of 1998, Regulation 646 has been amended by Ontario Regulation 446/99.  Previous amendments are listed in the Table of Regulations in the Statutes of Ontario, 1998.

1. (1) Paragraph 11 of subsection 3 (1) of Regulation 646 of the Revised Regulations of Ontario, 1990 is revoked and the following substituted:

11. 40.5 per cent, if the payment of remuneration is made after June 30, 1998 and before July 1, 1999.

12. 38.5 per cent, if the payment of remuneration is made after June 30, 1999.

(2) Paragraph 11 of subsection 3 (3) of the Regulation is revoked and the following substituted:

11. 40.5 per cent, if the payment of remuneration is made after June 30, 1998 and before July 1, 1999.

12. 38.5 per cent, if the payment of remuneration is made after June 30, 1999.

(3) Paragraphs 19 and 20 of subsection 3 (8) of the Regulation are revoked and the following substituted:

19. In the case of a payment of remuneration made after June 30, 1998 and before July 1, 1999 from which an amount is required to be deducted or withheld under subsection (1), the amount, if any, calculated using the formula,

[ 0.2 (A – $3,845) + 0.36 (A – $4,800) ] × 1/P

in which,

“A” is the employee’s notional provincial tax for the taxation year in which the payment is made, and

“P” is the maximum number of pay periods for that taxation year.

20. In the case of a payment of remuneration made after June 30, 1998 and before July 1, 1999 from which an amount is required to be deducted or withheld under subsection (3), the amount, if any, calculated using the formula,

[ 0.2 (A – $3,845) ) + 0.36 (A – $4,800) ] × R

in which,

“A” is the employee’s notional provincial tax for the taxation year in which the payment is made, and

“R” is the ratio of the amount of the payment of remuneration to the amount of the employee’s notional net remuneration for that taxation year determined under paragraph 102 (2) (e) of the Federal Regulations.

21. In the case of a payment of remuneration made after June 30, 1999 from which an amount is required to be deducted or withheld under subsection (1), the amount, if any, calculated using the formula,

[ 0.2 (A – $3,655) ) + 0.36 (A – $4,562) ] × 1/P

 

in which,

“A” is the employee’s notional provincial tax for the taxation year in which the payment is made, and

“P” is the maximum number of pay periods for that taxation year.

22. In the case of a payment of remuneration made after June 30, 1999 from which an amount is required to be deducted or withheld under subsection (3), the amount, if any, calculated using the formula,

[ 0.2 (A – $3,655) ) + 0.36 (A – $4,562) ] × R

in which,

“A” is the employee’s notional provincial tax for the taxation year in which the payment is made, and

“R” is the ratio of the amount of the payment of remuneration to the amount of the employee’s notional net remuneration for that taxation year determined under paragraph 102 (2) (e) of the Federal Regulations.

2. This Regulation shall be deemed to have come into force on July 1, 1999.