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

Section 818r84 Disposition versions

2012-09-01

818R84. For the purposes of section 818R81, investment property of an insurer for a taxation year must be designated for the year in respect of the insurer’s insurance businesses carried on by it in Canada in the following order:

(a)  Canadian investment property of the insurer for the year owned by the insurer at the beginning of the year that was designated insurance property of the insurer for its preceding taxation year, except that such property must be designated in the following order:

i.  immovable property and depreciable property,

ii.  hypothecary claims, mortgages, agreements of sale or other forms of indebtedness in respect of immovable property situated in Canada or depreciable property situated in Canada or depreciable property leased to a person resident in Canada for use inside or outside of Canada, and

iii.  other property;

(b)  investment property, other than Canadian investment property of the insurer for the year, owned by the insurer at the beginning of the year that was designated insurance property of the insurer for its preceding taxation year;

(c)  Canadian investment property of the insurer for the year, other than property described in paragraph a, in the order set out in subparagraphs i to iii of that paragraph; and

(d)  other investment property.

s. 818R82; O.C. 1463-2001, s. 86; O.C. 134-2009, s. 1.