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

Section 818r22 Disposition versions

2017-04-12

818R22. (Revoked).

s. 818R15; O.C. 3926-80, s. 31; R.R.Q., 1981, c. I-3, r. 1, s. 818R15; O.C. 91-94, s. 65; O.C. 473-95, s. 20; O.C. 1463-2001, s. 80; O.C. 134-2009, s. 1; O.C. 321-2017, s. 36.

2012-09-01

818R22. For the purposes of Chapters II to XIV, XVI and XX, the life equity limit, for a taxation year, of a life insurer not resident in Canada means,

(a)  where the insurer makes an election in respect of its life insurance surplus factor for the year in the manner provided for in section 818R19, the amount that would have been its equity limit for the year if it had been a life insurer resident in Canada registered under the Insurance Companies Act (S.C. 1991, c. 47) for the purposes of carrying on an insurance business in Canada and if the only insurance business, other than a life insurance business, carried on by it in Canada were an accident and sickness insurance business;

(b)  where the insurer does not make the election referred to in paragraph a for the year but has made such an election for one of the 4 preceding taxation years and its life insurance surplus factor for the year is not determined pursuant to paragraph c of section 818R17, the amount that would be determined for the year pursuant to paragraph a if that latter paragraph applied and if the insurer used, as the amount determined under paragraph a of section 818R24, the amount determined under paragraph a of that section 818R24 in respect of the last taxation year for which such election was made by it; and

(c)  in the other cases, the amount that is equal to 8% of its Canadian investment fund for the year.

s. 818R15; O.C. 3926-80, s. 31; R.R.Q., 1981, c. I-3, r. 1, s. 818R15; O.C. 91-94, s. 65; O.C. 473-95, s. 20; O.C. 1463-2001, s. 80; O.C. 134-2009, s. 1.