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I-3 - Taxation Act

Section 844
Disposition versions

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844. An insurer shall, in computing its income for a taxation year from carrying on its life insurance business in Canada, include
(a)  the aggregate of all amounts each of which is an amount that the insurer has deducted under paragraph a of section 840 as a reserve in computing its income for the preceding taxation year;
(a.1)  the amount prescribed in respect of the insurer for the year in respect of its groups of life insurance contracts in Canada at the end of the year; and
(b)  (paragraph repealed);
(c)  (paragraph repealed);
(d)  every amount received by the insurer in the year as repayment of a policy loan or as interest on that loan.
1972, c. 23, s. 632; 1973, c. 17, s. 98; 1978, c. 26, s. 156; 1990, c. 59, s. 321; 1996, c. 39, s. 234; 1998, c. 16, s. 204; 2000, c. 39, s. 103; 2001, c. 53, s. 171; 2015, c. 24, s. 124; 2023, c. 19, s. 72.
844. An insurer shall, in computing its income for a taxation year from carrying on its life insurance business in Canada, include
(a)  the aggregate of all amounts each of which is an amount that the insurer has deducted under paragraph a or a.1 of section 840 as a reserve in computing its income for the preceding taxation year;
(a.1)  the amount prescribed in respect of the insurer for the year in respect of its life insurance policies;
(b)  (paragraph repealed);
(c)  (paragraph repealed);
(d)  every amount received by the insurer in the year as repayment of a policy loan or as interest on that loan.
1972, c. 23, s. 632; 1973, c. 17, s. 98; 1978, c. 26, s. 156; 1990, c. 59, s. 321; 1996, c. 39, s. 234; 1998, c. 16, s. 204; 2000, c. 39, s. 103; 2001, c. 53, s. 171; 2015, c. 24, s. 124.
844. An insurer shall, in computing its income for a taxation year from carrying on its life insurance business in Canada, include
(a)  the aggregate of all amounts each of which is an amount that the insurer has deducted under paragraph a, a.1 or d of section 840 as a reserve in computing the insurer’s income for the preceding taxation year;
(a.1)  the amount prescribed in respect of the insurer for the year in respect of its life insurance policies;
(b)  (paragraph repealed);
(c)  (paragraph repealed);
(d)  every amount received by the insurer in the year as repayment of a policy loan or as interest on that loan.
1972, c. 23, s. 632; 1973, c. 17, s. 98; 1978, c. 26, s. 156; 1990, c. 59, s. 321; 1996, c. 39, s. 234; 1998, c. 16, s. 204; 2000, c. 39, s. 103; 2001, c. 53, s. 171.
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