I-3 - Taxation Act

Section 1102.3 Disposition versions

2006-03-01

1102.3. Where a person not resident in Canada has disposed of a life insurance policy referred to in paragraph k of section 1089, by virtue of section 967 or of a surrender, a policy loan, the dissolution of an interest in the policy by virtue of the maturity of the policy or a particular payment referred to in paragraph a of section 966, the insurer is, for the purposes of sections 1102.1 and 1102.2, deemed to be the taxpayer who acquired the property for an amount equal to the proceeds of disposition as determined under sections 966 to 977.1.

1984, c. 15, s. 244; 2001, c. 53, s. 249.