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

Section 818r42 Disposition versions

2017-04-12

818R42. (Revoked).

s. 818R38.1; O.C. 91-94, s. 77; O.C. 1466-98, s. 77; O.C. 134-2009, s. 1; O.C. 321-2017, s. 36.

2012-09-01

818R42. For the purposes of sections 818R30 and 818R38, the designation by an insurer, for a taxation year, of its investment property in respect of its insurance businesses in Canada must respect the following order:

(a)  investment property that was owned by it at any time in the year and that constituted insurance property in respect of any of its insurance businesses in Canada at the end of the preceding taxation year;

(b)  subject to section 818R41, investment property, other than investment property referred to in paragraph a, that is owned by it at any time in the year and constitutes Canadian investment property, which must be designated in the following order:

i.  land and depreciable property situated in Canada,

ii.  hypothecary claims, mortgages, agreements of sale or other forms of indebtedness in respect of property referred to in subparagraph i,

iii.  other property; and

(c)  subject to section 818R41, other investment property owned by it at any time in the year.

s. 818R38.1; O.C. 91-94, s. 77; O.C. 1466-98, s. 77; O.C. 134-2009, s. 1.