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

Section 818r48 Disposition versions

2017-04-12

818R48. (Revoked).

s. 818R46; O.C. 3926-80, s. 31; R.R.Q., 1981, c. I-3, r. 1, s. 818R46; O.C. 134-2009, s. 1; O.C. 321-2017, s. 36.

2012-09-01

818R48. The aggregate valuation, at the end of the insurer’s 1977 taxation year, of the Canadian equity property so designated pursuant to section 818R47 in respect of all its insurance businesses in Canada may not exceed the portion of its Canadian investment fund at the end of its 1977 taxation year, as determined in accordance with the provisions applicable to its 1978 taxation year, that is equal to,

(a)  in the case of a life insurer resident in Canada, or a non-resident life insurer that has made, for its 1978 taxation year, the election referred to in section 818R19, the proportion of that Canadian investment fund that the aggregate valuation of its equity property is of the aggregate valuation of its investment property, at the end of the 1977 taxation year;

(b)  in the case of a non-resident life insurer, other than an insurer referred to in paragraph a, 8% of that Canadian investment fund; and

(c)  in all other cases, 25% of that Canadian investment fund.

s. 818R46; O.C. 3926-80, s. 31; R.R.Q., 1981, c. I-3, r. 1, s. 818R46; O.C. 134-2009, s. 1.