I-3 - Taxation Act

Full text
851.13. In the case referred to in section 851.7, any amount that the holder of the segregated fund policy receives or becomes entitled to receive at a particular time in conformity with an obligation referred to in the said section is deemed to be the proceeds of the disposition of an interest in the segregated fund trust relating to that policy.
1978, c. 26, s. 165; 1996, c. 39, s. 273.