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I-3 - Taxation Act

Section 1175.7
Disposition versions

Full text
1175.7. In this Part, the taxable capital employed in Québec of a life insurer that throughout a taxation year is not resident in Canada is the amount by which
(a)  the amount by which its capital for the year exceeds its capital allowance for the year; exceeds
(b)  that proportion of the amount determined under paragraph a that its business carried on in Canada but not in Québec is of the aggregate of its business carried on in Canada, as determined in accordance with the regulations made pursuant to section 1175.6.
1997, c. 14, s. 286.
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