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 ?
Greenslade has been recently adding to his share position on a monthly basis through JED's Stock Savings Plan and has never sold any shares of JED.
Under the terms of the agreement, the Company will request an advance income tax ruling from Agence du revenu du Quebec confirming that the Common Shares constitute qualifying shares for the Quebec Stock Savings Plan II, in accordance with applicable legislation.
When TRW decided to revise its stock savings plan, it aimed to cut costs and improve service.
In the last 15 years, we converted or changed our stock savings plan 12 times.
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.
According to the notice, Logistec intends to purchase, for cancellation, in accordance with the Rules and Policies of the Exchange and in compliance with Quebec Stock Savings Plan requirements, i) up to 195,323 Class A Common Shares ("Class A Shares"), representing 5% of the outstanding Class A Shares ("Class B Shares"), representing 5% of the outstanding Class B Shares.
The Corporation has received an advance ruling from the MinistE re du Revenu du Quebec confirming that the Corporation is a qualified issuing corporation for the purposes of the Quebec Stock Savings Plan II ( QSSP II ) and that the common shares forming part of the Offering are qualified shares for a QSSP II qualified mutual fund.
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.
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.