Income Tax. 3.01 The University shall make the required deductions from the participant’s earnings during the deferral period. The deductions shall be computed based on the earnings for the applicable calendar year, less the deferred salary for that calendar year. 3.02 The amounts paid to the participant during the leave are taxable and subject to prescribed withholdings as though they were part of the participant’s earnings for the calendar year in question.
Appears in 8 contracts
Samples: Collective Agreement, Collective Labour Agreement, Collective Labour Agreement
