Acquisition of Shares in a Labour-Sponsored Fund
Source deductions and contributions
A taxable benefit from an amount you pay to acquire, on behalf of an employee, a share or fraction of a share issued by the Fond de solidarité FTQ or by Fondaction is subject to source deductions of income tax. However, the benefit is not subject to Québec Pension Plan (QPP) contributions, Québec parental insurance plan (QPIP) premiums, the contribution to the health services fund, the contribution related to labour standards or the contribution to the workforce skills development and recognition fund (WSDRF).
Information to enter on the RL-1 slip
You must enter the value of the benefit in box L of the employee's RL-1 slip (see courtesy translation RL-1-T).