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

Section 818r3 Disposition versions

2017-04-12

818R3. (Revoked).

s. 818R1.1; O.C. 91-94, s. 54; O.C. 1463-2001, s. 75; O.C. 134-2009, s. 1; O.C. 390-2012, s. 44; O.C. 321-2017, s. 36.

2012-09-01

818R3. The aggregate that is required to be determined for the purposes of the definition of “gross Canadian life investment income” in section 818R2 for a taxation year in respect of an insurer is the aggregate of

(a)  (paragraph revoked);

(b)  the portion of the amount deducted under section 140 of the Act in computing the insurer’s income for the year that is in respect of debt obligations that are Canadian business property of the insurer for the year in respect of the insurer’s life insurance business;

(b.1)  the total of all amounts each of which is an amount deductible under Division II of Chapter II of Title V.1 of Book VI of Part I of the Act in computing the insurer’s income for the year in respect of a property disposed of by the insurer that was, in the taxation year of disposition, a Canadian business property of the insurer for that year in respect of the insurer’s life insurance business;

(c)  the total of all amounts each of which is the insurer’s loss for the year from the disposition of a Canadian business property of the insurer for the year in respect of the insurer’s life insurance business, other than a capital property or a property in respect of which Division II of Chapter II of Title V.1 of Book VI of Part I of the Act applies; and

(d)  the total of all amounts each of which is the insurer’s allowable capital loss for the year from the disposition of a Canadian business property of the insurer for the year in respect of the insurer’s life insurance business.

s. 818R1.1; O.C. 91-94, s. 54; O.C. 1463-2001, s. 75; O.C. 134-2009, s. 1; O.C. 390-2012, s. 44.