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

Section 840r35 Disposition versions

2023-09-26

840R35. An insurer may deduct, in respect of its groups of life insurance contracts in Canada at the end of the year, an amount not exceeding

(a)  the amount determined under section 840R36 in respect of the insurer for the year, where that amount is greater than nil; or

(b)  nil, in any other case.

s. 840R23.1; O.C. 1463-2001, s. 115; O.C. 134-2009, s. 1; O.C. 390-2012, s. 55; S.Q. 2023, c. 19, s. 172.

2012-09-01

840R35. An insurer may deduct, in respect of its life insurance policies in Canada, an amount not exceeding

(a)  the amount determined under section 840R36 in respect of the insurer for the year, where that amount is greater than nil; or

(b)  nil, in any other case.

s. 840R23.1; O.C. 1463-2001, s. 115; O.C. 134-2009, s. 1; O.C. 390-2012, s. 55.