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

Section 825r2 Disposition versions

2012-09-01

825R2. Subject to section 825R3, the amount referred to in subparagraph b of the first paragraph of section 825 of the Act, in respect of an insurer for a taxation year, is the amount established according to the following formula:

A – (B + C + D).

In the formula in the first paragraph,

(a)  A is the positive or negative amount, as the case may be, determined for the year in respect of the insurer under section 825R4;

(b)  B is the positive or negative amount, as the case may be, determined in respect of the insurer for the year under section 825R5 in respect of the insurer’s investment property for the year that is designated insurance property of the insurer for the year;

(c)  C is the positive or negative amount, as the case may be, determined in respect of the insurer for the year under section 825R6 in respect of property disposed of by the insurer in a taxation year for which it was designated insurance property of the insurer; and

(d)  D is the amount deducted by the insurer for the year in respect of the balance of its cumulative excess account at the end of the year.

s. 825R2; O.C. 91-94, s. 80; O.C. 1463-2001, s. 88; O.C. 134-2009, s. 1.