I-3, r. 1 - Regulation respecting the Taxation Act

Section 818r51 Disposition versions

2017-04-12

818R51. (Revoked).

s. 818R49; O.C. 3926-80, s. 31; R.R.Q., 1981, c. I-3, r. 1, s. 818R49; O.C. 134-2009, s. 1; O.C. 321-2017, s. 36.

2012-09-01

818R51. Where an insurer has not made the election referred to in section 818R49 and has carried on in Canada a life insurance business and an insurance business other than a life insurance business in its 1977 taxation year, the investment property, other than Canadian equity property, that was owned by the insurer at the end of that year, that is for the insurer, specified Canadian assets within the meaning of the regulations referred to in section 818R50, and the value of which for the year, in respect of the aggregate of such property, for the insurer’s 1978 taxation year, is equal to the amount determined under section 818R52, is deemed to be insurance property of the insurance business in Canada other than a life insurance business for the 1977 taxation year.

In that case, any such other investment property that is a such specified Canadian asset is deemed to be an insurance property of the life insurance business for the 1977 taxation year.

s. 818R49; O.C. 3926-80, s. 31; R.R.Q., 1981, c. I-3, r. 1, s. 818R49; O.C. 134-2009, s. 1.