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

Section 336r3 Disposition versions

2012-09-01

336R3. For the purposes of paragraph f of section 336 of the Act, where an annuity is paid under a contract, other than an income-averaging annuity contract, an income-averaging annuity respecting income from artistic activities or an annuity contract purchased under a deferred profit sharing plan or a plan designated in subsection 15 of section 147 of the Income Tax Act (R.S.C. 1985, c. 1 (5th Suppl.)) as a revoked plan, the part of an annuity payment representing a capital return is that proportion of the taxpayer’s interest in the annuity payment that the adjusted purchase price of the taxpayer’s interest in the contract at the time of payment is of the taxpayer’s interest, immediately before the payments to which paragraph c of section 312 of the Act applies commence under the contract, in the aggregate of the payments to be made under the contract in the case of a contract made for a fixed number of years, or expected to be made under the contract in the case of a contract under which the continuance of the payments depends, in whole or in part, on the survival of an individual.

s. 336R6; O.C. 1981-80, s. 336R6; R.R.Q., 1981, c. I-3, r. 1, s. 336R6; O.C. 2962-82, s. 34; O.C. 500-83, s. 34; O.C. 7-87, s. 10; O.C. 1114-93, s. 18; O.C. 35-96, s. 86; O.C. 1454-99, s. 62; O.C. 1149-2006, s. 20; O.C. 134-2009, s. 1.