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

Section 818r64 Disposition versions

2023-09-26

818R64. Property to which the definition of “investment property” of an insurer for a taxation year in section 818R53 refers is property owned by an insurer, other than a policy loan payable to the insurer, at any time in the year, that is not included in a segregated fund and that is

(a)  subject to section 818R65, property acquired by the insurer for the purpose of earning gross investment revenue in the year;

(b)  that proportion of property of the insurer that is property described in section 818R66 that the use made of the property by the insurer in the year for the purpose of earning gross investment revenue in the year is of the whole use made of the property by the insurer in the year;

(c)  if the insurer is a life insurer, property described in any of subparagraphs a to d of the second paragraph of section 844.3 of the Act;

(d)  subject to section 818R67, a share of the capital stock of, or a debt owing to the insurer by, a corporation, other than a corporation that is a financial institution, affiliated with the insurer or an interest in a trust or partnership; or

(e)  an amount due or an amount accrued to the insurer on account of income that

i.  is from designated insurance property for the year that is investment property of the insurer for the year because of any of paragraphs a to d, and

ii.  is supporting the insurer’s Canadian insurance contract liabilities for the year.

s. 818R62; O.C. 1463-2001, s. 86; O.C. 134-2009, s. 1; S.Q. 2023, c. 19, s. 159.

2012-09-01

818R64. Property to which the definition of “investment property” of an insurer for a taxation year in section 818R53 refers is property owned by an insurer, other than a policy loan payable to the insurer, at any time in the year, that is not included in a segregated fund and that is

(a)  subject to section 818R65, property acquired by the insurer for the purpose of earning gross investment revenue in the year;

(b)  that proportion of property of the insurer that is property described in section 818R66 that the use made of the property by the insurer in the year for the purpose of earning gross investment revenue in the year is of the whole use made of the property by the insurer in the year;

(c)  if the insurer is a life insurer, property described in any of subparagraphs a to d of the second paragraph of section 844.3 of the Act;

(d)  subject to section 818R67, a share of the capital stock of, or a debt owing to the insurer by, a corporation, other than a corporation that is a financial institution, affiliated with the insurer or an interest in a trust or partnership; or

(e)  an amount due or an amount accrued to the insurer on account of income that

i.  is from designated insurance property for the year that is investment property of the insurer for the year because of any of paragraphs a to d, and

ii.  was assumed in computing the insurer’s Canadian reserve liabilities for the year.

s. 818R62; O.C. 1463-2001, s. 86; O.C. 134-2009, s. 1.