Dividend, Return or Refund of Premiums

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If, during the year, you receive a dividend, return or refund of premiums (hereinafter referred to as a “refund”) based on all of the types of benefits and coverage provided under the insurance contract, the portion of the refund (including related tax) related to the premium paid for an individual must be subtracted from the value of the coverage to be included in the amount in box A of the RL-22 slip (see courtesy translation RL-22-T).

Reduction of coverage value

The portion of such a refund to be subtracted from the value of the coverage is calculated as follows:

Refunds received by the plan administrator (other than the employees' share in the cost of the plan, where this share was distributed among the employees during the year)
×
Premium paid for the individual
Premium paid for all employees

If the refund (including related tax) is based only on certain types of benefits and coverage provided under the insurance contract, the refund is divided only among those individuals who have the type of benefits or coverage concerned.

Refund distributed to individuals

If you distribute to individuals the portion of the refund that corresponds to their share in the cost of the plan, the amount they received must not be included in their income from an office or employment.

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