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I-3, r. 1 - Regulation respecting the Taxation Act
Section 818r55
Disposition versions
818R55. The amount to which paragraph a of section 818R54 refers in respect of an insurer at the end of a taxation year is equal to the aggregate of the amount described in section 818R56 and the amount of the insurer’s Canadian reserve liabilities at the end of the year, to the extent that the amount exceeds the amount of surplus appropriations included in that amount.
818R55. The amount to which paragraph a of section 818R54 refers in respect of an insurer at the end of a taxation year is equal to the aggregate of the amount described in section 818R56 and the amount determined by the formula
A – B.
In the formula in the first paragraph,
(a) A is the amount of the insurer’s Canadian reserve liabilities at the end of the year, to the extent that the amount exceeds the amount of surplus appropriations included in that amount; and
(b) B is the amount of the insurer’s Canadian outstanding premiums and policy loans at the end of the year, to the extent that the Canadian outstanding premiums and the amount of policy loans are in respect of policies referred to in subparagraphs i to iii of subparagraph a of the second paragraph of section 818R53.2 and were not otherwise deducted in computing the amount of the insurer’s Canadian reserve liabilities at the end of the year.
818R55. The amount to which paragraph a of section 818R54 refers in respect of an insurer at the end of a taxation year is equal to the aggregate of the amount described in section 818R56 and the amount determined by the formula
A – B.
In the formula in the first paragraph,
(a) A is the amount of the insurer’s Canadian reserve liabilities at the end of the year, to the extent that the amount exceeds the amount of surplus appropriations included in that amount; and
(b) B is the amount of the insurer’s Canadian outstanding premiums and policy loans at the end of the year, to the extent that the Canadian outstanding premiums and the amount of policy loans are in respect of policies referred to in paragraphs a to c of the definition of “Canadian reserve liabilities” in section 818R53 and were not otherwise deducted in computing the amount of the insurer’s Canadian reserve liabilities at the end of the year.
