841R6. For the purposes of applying Divisions I and II to the 1978 taxation year of a life insurer, section 841R2 apply as if(a) the insurer’s maximum tax actuarial reserve for its 1977 taxation year, in respect of its participating life insurance policies in Canada or in respect of any class of life insurance policies in Canada, had been the reserve that would have been respectively computed in that regard for that year if the rules applicable to the 1978 taxation year had been applied to the 1977 taxation year; and
(b) the amount deducted by the insurer under paragraph d of section 840 of the Act for its 1977 taxation year had been that deducted by the insurer under that paragraph for that year, increased by the amount by which the amount that would have been deductible under that paragraph for that year, but for subparagraph iii of that paragraph, exceeds the amount deducted by the insurer under that paragraph for that year.