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I-3 - Taxation Act

Section 825.0.1
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825.0.1. Notwithstanding sections 851.22.4 to 851.22.22.11, where in a taxation year an insurer carries on an insurance business in Canada and elsewhere, the following rules apply in computing its income for the year from carrying on its insurance business in Canada:
(a)  sections 851.22.4, 851.22.5 and 851.22.14 to 851.22.22.11 apply only in respect of property that is designated insurance property for the year in respect of the business; and
(b)  sections 851.22.6 to 851.22.13 apply only in respect of the disposition of property that, for the taxation year in which the insurer disposed of it, was designated insurance property in respect of the business.
1996, c. 39, s. 223; 1998, c. 16, s. 193; 2010, c. 25, s. 92.
825.0.1. Notwithstanding sections 851.22.4 to 851.22.22, where in a taxation year an insurer carries on an insurance business in Canada and elsewhere, the following rules apply in computing its income for the year from carrying on its insurance business in Canada:
(a)  sections 851.22.4, 851.22.5 and 851.22.14 to 851.22.22 apply only in respect of property that is designated insurance property for the year in respect of the business; and
(b)  sections 851.22.6 to 851.22.13 apply only in respect of the disposition of property that, for the taxation year in which the insurer disposed of it, was designated insurance property in respect of the business.
1996, c. 39, s. 223; 1998, c. 16, s. 193.
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