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

Section 976r2 Disposition versions

2012-09-01

976R2. For the purposes of paragraph h of section 976 of the Act, a mortality gain, immediately before the end of a calendar year ending after 31 December 1982, in respect of a taxpayer’s interest in a life annuity contract means the reasonable amount, in respect of the taxpayer’s interest at that time, that the life insurer determines to be the increase in the accumulating fund in respect of the interest, occurring during that year and attributable to the survival, at the end of the year, of an annuitant under the contract.

s. 976R2; O.C. 7-87, s. 16; O.C. 134-2009, s. 1.