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

Section 336r10 Disposition versions

2012-09-01

336R10. Where an annuity contract referred to in section 336R8 does not provide a lump sum and does not provide for the computation of the actual value of the annuity, the adjusted purchase price of the contract is equal to the premiums paid and accumulated with interest at the rate of 4% per annum to the date on which the annuity payments commence, if it is a contract made under the Government Annuities Act (R.S.C. 1970, c. G-6).

If the contract is not made under that Act, the adjusted purchase price of the contract is equal to the actual value of the annuity payments computed, at the date when those payments commence, in terms of interest at the rate of 4% per annum where the annuity payments commence before 1972 and 5 1/2% per annum where they commence after 1971 and, in the case of a contract referred to in section 336R4, by applying sections 336R4 to 336R7.

s. 336R14; O.C. 2962-82, s. 34; O.C. 500-83, s. 34; O.C. 134-2009, s. 1.