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I-3, r. 1 - Regulation respecting the Taxation Act
Section 818r60
Disposition versions
818R60. The amount to which paragraph b of section 818R58 refers in respect of an insurer for a taxation year is equal to 25% of the aggregate of
(a) the insurer’s mean Canadian reserve liabilities for the year; and
(b) the insurer’s property and casualty insurance surplus for the year.
818R60. The amount to which paragraph b of section 818R58 refers in respect of an insurer for a taxation year is equal to 25% of the aggregate of
(a) the amount by which the insurer’s mean Canadian reserve liabilities for the year exceeds 50% of the aggregate of its premiums receivable and deferred acquisition expenses at the end of the year and its premiums receivable and deferred acquisition expenses at the end of its preceding taxation year, to the extent that those amounts were included in the insurer’s Canadian reserve liabilities for the year or the preceding taxation year, as the case may be, in respect of the insurer’s business in Canada; and
(b) the insurer’s property and casualty insurance surplus for the year.
818R60. The amount to which paragraph b of section 818R58 refers in respect of an insurer for a taxation year is equal to 25% of the aggregate of
(a) the amount by which the insurer’s mean Canadian reserve liabilities for the year exceeds the aggregate of
i. 50% of the aggregate of its premiums receivable and deferred acquisition expenses at the end of the year and its premiums receivable and deferred acquisition expenses at the end of its preceding taxation year to the extent that those amounts were included in the insurer’s Canadian reserve liabilities for the year or the preceding taxation year, as the case may be, in respect of the insurer’s business in Canada, and
ii. 50% of the aggregate of its reinsurance recoverables at the end of the year and its reinsurance recoverables at the end of the preceding taxation year that are in respect of policies referred to in paragraphs b and c of the definition of “Canadian reserve liabilities” in section 818R53; and
(b) the insurer’s property and casualty insurance surplus for the year.
