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

Section 818r14 Disposition versions

2017-04-12

818R14. (Revoked).

s. 818R9.3; O.C. 91-94, s. 61; O.C. 134-2009, s. 1; O.C. 321-2017, s. 36.

2012-09-01

818R14. Subject to section 818R15, the amount that is required to be determined for the purposes of section 818R12 for a taxation year in respect of an insurer is established according to the following formula:

1/2 [A – ((B + 3C + 5D + 7E) / F)].

In the formula in the first paragraph,

(a)  A is the total of the amounts determined in paragraphs b to e;

(b)  B is the positive or negative amount, as the case may be, determined under section 818R16 in respect of the insurer for the first quarter of the year;

(c)  C is the positive or negative amount, as the case may be, determined under section 818R16 in respect of the insurer for the second quarter of the year;

(d)  D is the positive or negative amount, as the case may be, determined under section 818R16 in respect of the insurer for the third quarter of the year; and

(e)  E is the positive or negative amount, as the case may be, determined under section 818R16 in respect of the insurer for the fourth quarter of the year;

(f)  F is the quotient, rounded off to the next lower whole number where it is not a whole number, obtained by dividing the number of months in the taxation year by 3.

s. 818R9.3; O.C. 91-94, s. 61; O.C. 134-2009, s. 1.