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

Section 841r2 Disposition versions

2017-04-12

841R2. (Revoked).

s. 841R2; O.C. 3926-80, s. 32; R.R.Q., 1981, c. I-3, r. 1, s. 841R2; O.C. 91-94, s. 97; O.C. 1463-2001, s. 116; O.C. 134-2009, s. 1; O.C. 390-2012, s. 57; O.C. 321-2017, s. 40.

2012-09-01

841R2. In the computation referred to in section 841R1, the insurer must include

(a)  the proportion of its gross Canadian life investment income for the year that

i.  the aggregate of its mean maximum tax actuarial reserve for the year in respect of its participating life insurance policies in Canada and the mean amount on deposit with the insurer for the year in respect of those policies, is of

ii.  the aggregate of its mean maximum tax actuarial reserve for the year in respect of each class of life insurance policies in Canada and the mean amount on deposit with the insurer for the year in respect of each of such classes of policies;

(a.1)  the amount established according to the following formula:

(A + B) × C/D;

(b)  the amount that it has deducted under paragraph d of section 840 of the Act in computing its income for the preceding taxation year;

(c)  its maximum tax actuarial reserve for the preceding taxation year in respect of participating life insurance policies in Canada;

(d)  the maximum amount that it may deduct under paragraph a.1 of section 840 of the Act in computing its income for the preceding taxation year in respect of participating life insurance policies in Canada; and

(e)  (subparagraph revoked).

In the formula in subparagraph a.1 of the first paragraph,

(a)  A is the amount the insurer must include in computing its income for the year under section 851.22.18 of the Act;

(b)  B is the amount that is deemed under section 851.22.20 of the Act to be the taxable capital gain of the insurer for the year from the disposition of property;

(c)  C is the amount determined under subparagraph i of subparagraph a of the first paragraph in respect of the insurer for the taxation year of the insurer that includes 31 October 1994; and

(d)  D is the amount determined under subparagraph ii of subparagraph a of the first paragraph in respect of the insurer for the taxation year of the insurer that includes 31 October 1994.

s. 841R2; O.C. 3926-80, s. 32; R.R.Q., 1981, c. I-3, r. 1, s. 841R2; O.C. 91-94, s. 97; O.C. 1463-2001, s. 116; O.C. 134-2009, s. 1; O.C. 390-2012, s. 57.