Benefit Relating to the Acquisition of Shares of a Labour-Sponsored Fund
The value of the benefit from amounts paid by an employer to acquire, on behalf of an employee, a share or fraction of a share issued by the Fonds de solidarité FTQ or by Fondaction, le Fonds de développement de la Confédération des syndicats nationaux pour la coopération et l'emploi, after December 31, 2012, is no longer subject to Québec Pension Plan (QPP) contributions, the contribution to the health services fund, the contribution to the financing of the Commission des normes du travail (CNT) and the contribution to the Workforce Skills Development and Recognition Fund (WSDRF). The benefit constitutes a benefit in kind that is not subject to Québec parental insurance plan (QPIP) premiums. You must include the value of the benefit in boxes A and L of the RL-1 slip.
Even if you are not required to withhold or remit QPP contributions, this benefit represents pensionable salary for the employee. You must therefore enter "G-1" in a blank box of the RL-1 slip, followed by the amount of the benefit. Consequently, the employee who has not reached his or her maximum QPP contribution for the year may make an optional contribution to the QPP on this amount when filing his or her income tax return.