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

Section 840r15
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840R15. (Revoked).
s. 840R9.2; O.C. 91-94, s. 86; O.C. 1463-2001, s. 106; O.C. 134-2009, s. 1; O.C. 390-2012, s. 52; S.Q. 2019, c. 14, s. 645.
840R15. For the purposes of paragraph a.1 of section 840 of the Act, a life insurer may deduct, in computing its income for a taxation year that begins before 1 October 2006, as a reserve in respect of unpaid claims received by it before the end of the year under life insurance policies in Canada that are pre-1996 life insurance policies, an amount not exceeding the present value at the end of the year, computed using a rate of interest that is reasonable in the circumstances, of a reasonable amount in respect of those unpaid claims.
s. 840R9.2; O.C. 91-94, s. 86; O.C. 1463-2001, s. 106; O.C. 134-2009, s. 1; O.C. 390-2012, s. 52.
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