11 October 1996 APFF Roundtable, 7M12910 - APFF ROUND TABLE -- summary under Subsection 4900(13)

One cannot conclude simply from the fact that a start-up corporation pays little salary to an individual who is a beneficiary of an RRSP holding dividend-paying shares of the corporation that Regulation 4900(13) applies. However, such an inference might be made where employees performing similar tasks but not holding shares through their RRSPs are better paid.