19 March 2009 Internal T.I. 2009-0306971I7 F - 6801(d): Traitement fiscal pour l'employé -- summary under Paragraph 6801(d)

CRA indicated that the full amount received by participants in a deferred share unit (DSU) when they cashed in their units on maturity of the plan would be included in their income from an office or employment under s. 6(1)(a) or (c) or 5(1) irrespective whether the DSUs had appreciated or depreciated from the time of their original crediting to the notional DSU account (based on the bonus amounts the participants deferred divided by the then-current market price of the underlying shares), or from the time that dividend-equivalent units were credited to the account.