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

Section 841r3 Disposition versions

2017-04-12

841R3. (Revoked).

s. 841R3; O.C. 3926-80, s. 32; R.R.Q., 1981, c. I-3, r. 1, s. 841R3; O.C. 91-94, s. 98; O.C. 1463-2001, s. 117; O.C. 134-2009, s. 1; O.C. 390-2012, s. 58; O.C. 321-2017, s. 40.

2012-09-01

841R3. In the computation referred to in section 841R1, the insurer must deduct the aggregate of

(a)  its maximum tax actuarial reserve for the year in respect of participating life insurance policies in Canada;

(a.1)  if the taxation year includes 31 October 1994, the amount established according to the following formula:

(A + B) × C/D;

(b)  the maximum amount that it may deduct under paragraph a.1 of section 840 of the Act in computing its income for the year in respect of participating life insurance policies in Canada; and

(c)  (subparagraph revoked).

In the formula in subparagraph a.1 of the first paragraph,

(a)  A is the amount the insurer may deduct in computing its income for the year under section 851.22.17 of the Act;

(b)  B is the amount that is deemed under section 851.22.19 of the Act to be the allowable capital loss of the insurer for the year from the disposition of property;

(c)  C is the amount determined under subparagraph i of subparagraph a of the first paragraph of section 842R2 for the year in respect of the insurer; and

(d)  D is the amount determined under subparagraph ii of subparagraph a of the first paragraph of section 841R2 for the year in respect of the insurer.

s. 841R3; O.C. 3926-80, s. 32; R.R.Q., 1981, c. I-3, r. 1, s. 841R3; O.C. 91-94, s. 98; O.C. 1463-2001, s. 117; O.C. 134-2009, s. 1; O.C. 390-2012, s. 58.