Subsection 32.1(1) - Employee benefit plan deductions
Administrative Policy
20 January 1994 T.I. 940075 HAA4735-1 (C.T.O. "EBPs, EPSPs, DPSPs and Section 7")
If employer contributions can only be used to purchase, on the open market, employer's shares or shares of a corporation with which it does not deal at arm's length, s. 7 will not apply and a deduction under s. 32.1(1) will be allowed.