Conversion of Portion of Salary to Research Grant Income
June 1
24.25 Conversion of Portion of Salary to Research Grant Income
In accordance with the regulations of the Canadian Revenue Agency, the Employer shall assist a recipient of Sabbatical Leave in converting up to the maximum amount allowable under CRA regulations of their annual salary to grant income. The Parties agree that the conversion of salary income to grant income adhere to the following guidelines:
(e) An Employee wishing to convert up to the maximum amount allowable under CRA regulations of their annual salary to grant income shall notify the Director of Human Resources, no later than 1 June prior to sabbaticals that begin on 1 July and by 1 December prior to sabbaticals that begin on 1 January.