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

Section 825r8 Disposition versions

2012-09-01

825R8. For the purposes of subparagraph d of the second paragraph of section 825R2, the balance of an insurer’s cumulative excess account at the end of a taxation year is equal to the amount by which the aggregate of all amounts each of which is a positive amount determined in respect of each of its 7 preceding taxation years that began after 17 June 1987 and ended after 31 December 1987 exceeds the amount described in section 825R9, according to the formula

B – A.

In the formula in the first paragraph,

(a)  A is the amount determined under subparagraph a of the second paragraph of section 825R2 for the preceding taxation year; and

(b)  B is the amount determined under subparagraph b of the second paragraph of section 825R2 for the preceding taxation year.

s. 825R8; O.C. 91-94, s. 80; O.C. 1463-2001, s. 93; O.C. 134-2009, s. 1.