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

Section 840r32 Disposition versions

2019-06-19

840R32. (Revoked).

s. 840R21; O.C. 3926-80, s. 32; R.R.Q., 1981, c. I-3, r. 1, s. 840R21; O.C. 91-94, s. 95; O.C. 134-2009, s. 1; 2019, c. 14, s. 646.

2012-09-01

840R32. An insurer may deduct, in respect of a benefit, risk or guarantee referred to in section 840R33 and related to a life insurance policy other than a policy referred to in section 840R17, an amount not exceeding the lesser of

(a)  a reasonable amount in respect of the benefit, risk or guarantee; and

(b)  the amount that it reported as a reserve in respect of the benefit, risk or guarantee in its annual report for the year filed with the Superintendent of Financial Institutions or, where the insurer was subject to the supervision of the Superintendent of Financial Institutions throughout the year but was not required to file an annual report with the Superintendent for the year, in its financial statements for the year.

s. 840R21; O.C. 3926-80, s. 32; R.R.Q., 1981, c. I-3, r. 1, s. 840R21; O.C. 91-94, s. 95; O.C. 134-2009, s. 1.