Key employee

For a given taxation year of an employer participating in an employee life and health trust (ELHT), any person that was, as applicable:

• a specified employee of the employer during the year (or during a previous taxation year); or
• an employee to whom the employer paid, during two of the previous five taxation years, a salary or wages that exceeded by five times the maximum pensionable earnings for the calendar year, where this income was earned within the meaning of section 40 of the Act respecting the Québec Pension Plan.

Section 869.1