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

Section 840r16
Disposition versions

Full text
840R16. (Revoked).
s. 840R9.3; O.C. 1463-2001, s. 107; O.C. 134-2009, s. 1; O.C. 390-2012, s. 53; S.Q. 2023, c. 19, s. 171.
840R16. For the purposes of paragraph a.1 of section 840 of the Act, a life insurer may deduct, in computing its income for a taxation year, as a reserve in respect of an unpaid claim received by it before the end of the year under a life insurance policy in Canada, an amount not exceeding the lesser of
(a)  the reported reserve of the insurer at the end of the year in respect of the claim; and
(b)  the policy liability of the insurer at the end of the year in respect of the claim.
s. 840R9.3; O.C. 1463-2001, s. 107; O.C. 134-2009, s. 1; O.C. 390-2012, s. 53.
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