Stock Savings Plan


Also found in: Acronyms.

Stock Savings Plan

A tax credit available in some Canadian provinces to investors who buy shares in companies based in their own province. The credit is available only on one's provincial taxes, not on federal taxes.
References in periodicals archive ?
Therefore, to meet our requirements, the new plan would have to eliminate paper, cut staff in the stock savings plan office and in the field and reduce computer processing costs.
For instance, we'd always required employees to work for us one year before they became eligible to join the stock savings plan.
In the end, we chose an unbundled approach that included a guaranteed investment contract (GIC) manager, a trustee/investment manager, a recordkeeper and the stock savings plan office.
To make the transition easier, we transferred from the stock savings plan office to our new recordkeeping system in two stages.
From the administrative standpoint, the only real change in players was between the stock savings plan office and our recordkeeper.
Every morning, the trustee receives information on purchases and sales from the recordkeeper and stock savings plan office, which it then processes.
1, 1995--Circo Craft (ME,TSE:CCC) As was confirmed by Circo Craft in a press release dated November 21, 1995 regarding the exercise of the Warrants expiring December 15, 1995, newly issued Circo Craft Common shares are eligible for inclusion in a stock savings plan ("QSSP") under the provisions of the Taxation Act (Quebec), while Circo Craft common shares acquired from among those reserved by the Selling Shareholders are not QSSP eligible.
The Company confirms that the shares acquired following the exercise of the warrants may be included in the Quebec Stock Savings Plan in accordance with the current provisions of the Taxation Act (Quebec) and will give rise, subject to certain conditions, to a deduction equal to 100 percent of their acquisition cost.
Besides, the employees are new owners of the corporation through 401(k)s and other stock savings plans that are not recognized in the corporate process.
Short sales and trading in puts and calls are prohibited by the Policy, as are both purchases and sales within six months of each other, with exceptions for stock savings plans and option exercises.
Programs and benefits available include the following: flexible work schedules, telecommuting, job sharing, dependent care assistance for children and elders, managerial and professional development programs, rewards for innovation and achievement, financial support for education, scholarship programs, stock savings plans, employee fitness programs and centers, and a worldwide health assistance program.