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I-3, r. 1 - Regulation respecting the Taxation Act
Section 840r12
Disposition versions
840R12. The following rules apply for determining the amounts that an insurer may deduct under section 840R10:
(a) (paragraph revoked);
(b) the amounts must be calculated without reference to any obligation to pay a benefit under a segregated fund policy if
i. the amount of the benefit varies with the fair market value of the segregated fund at the time the benefit becomes, or may become, payable, and
ii. the benefit is not in respect of a guarantee given by the insurer under the segregated fund policy; and
(c) those amounts are determined without reference to any amount in respect of a deposit accounting insurance policy.
840R12. The following rules apply for determining the amounts that an insurer may deduct under sections 840R10 and 840R16:
(a) (paragraph revoked);
(b) in the case of sections 840R10 and 840R16, the amounts must be calculated without reference to any obligation to pay a benefit under a segregated fund policy if
i. the amount of the benefit varies with the fair market value of the segregated fund at the time the benefit becomes, or may become, payable, and
ii. the benefit is not in respect of a guarantee given by the insurer under the segregated fund policy; and
(c) in the case of sections 840R10 and 840R16, those amounts are determined without reference to any amount in respect of a deposit accounting insurance policy.
840R12. The following rules apply for determining the amounts that an insurer may deduct under sections 840R9, 840R10 and 840R16:
(a) in the case of section 840R9, except for the deduction under section 840R32 in respect of a guarantee referred to in paragraph c of section 840R33, the amounts do not include an amount in respect of a liability of a segregated fund;
(b) in the case of sections 840R10 and 840R16, the amounts must be calculated without reference to any obligation to pay a benefit under a segregated fund policy if
i. the amount of the benefit varies with the fair market value of the segregated fund at the time the benefit becomes, or may become, payable, and
ii. the benefit is not in respect of a guarantee given by the insurer under the segregated fund policy; and
(c) in the case of sections 840R10 and 840R16, those amounts are determined without reference to any amount in respect of a deposit accounting insurance policy.
840R12. The following rules apply for determining the amounts that an insurer may deduct under sections 840R9, 840R10 and 840R16:
(a) in the case of section 840R9, except for the deduction under section 840R32 in respect of a guarantee referred to in paragraph c of section 840R33, the amounts do not include an amount in respect of a liability of a segregated fund;
(b) in the case of sections 840R10 and 840R16, the amounts must be calculated without reference to any liability in respect of a segregated fund, other than a liability in respect of a guarantee in respect of a segregated fund policy; and
(c) in the case of sections 840R10 and 840R16, those amounts are determined without reference to any amount in respect of a deposit accounting insurance policy.
840R12. The following rules apply for determining the amounts that an insurer may deduct under sections 840R9, 840R10 and 840R16:
(a) in the case of section 840R9, except for the deduction under section 840R32 in respect of a guarantee referred to in paragraph c of section 840R33, the amounts do not include an amount in respect of a liability of a segregated fund; and
(b) in the case of sections 840R10 and 840R16, the amounts must be calculated without reference to any liability in respect of a segregated fund, other than a liability in respect of a guarantee in respect of a segregated fund policy.
