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

Section 825r6 Disposition versions

2012-09-01

825R6. The positive or negative amount, as the case may be, that is to be determined under this section in respect of an insurer for a taxation year in respect of particular property disposed of by the insurer in the year or a preceding taxation year is, for the purposes of subparagraph c of the second paragraph of section 825R2 and subparagraphs b and i of the second paragraph of section 825R4, the amount determined by the formula

A – B.

In the formula in the first paragraph,

(a)  A is the aggregate of the amounts included under paragraphs a and c of section 851.22.11 of the Act in computing the insurer’s income for the year in respect of the particular property, or that would be so included if the particular property were designated insurance property of the insurer in respect of an insurance business in Canada for each taxation year in which it was held by the insurer; and

(b)  B is the aggregate of the amounts deductible under paragraphs b and d of section 851.22.11 of the Act in computing the insurer’s income for the year in respect of the particular property, or that would be so deductible if the particular property were designated insurance property of the insurer in respect of an insurance business in Canada for each taxation year in which it was held by the insurer.

s. 825R6.1; O.C. 1463-2001, s. 92; O.C. 134-2009, s. 1.