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

Section 818r44 Disposition versions

2017-04-12

818R44. (Revoked).

s. 818R42; O.C. 3926-80, s. 31; R.R.Q., 1981, c. I-3, r. 1, s. 818R42; O.C. 91-94, s. 79; O.C. 134-2009, s. 1; O.C. 321-2017, s. 36.

2012-09-01

818R44. For the purposes of this chapter, where an insurer carries on in Canada, in a taxation year, a life insurance business and an insurance business other than a life insurance business, the following rules apply:

(a)  paragraphs a to c of section 818R38 must be applied to designate the insurance property in respect of the insurer’s insurance business other than a life insurance business before being applied to designate the insurance property in respect of its life insurance business;

(b)  the property designated under section 818R38 in respect of any of the insurer’s insurance businesses for a taxation year may not be designated, for the same year, in respect of another of its insurance businesses; and

(c)  the investment property that is designated under paragraph d or f of section 818R38 in respect of any of the insurer’s insurance businesses for a taxation year must be designated in respect of its insurance business in Canada

i.  specified by the insurer for the year, where paragraph d of section 818R38 applies, or

ii.  specified by the Minister for the year, where paragraph f of section 818R38 applies.

s. 818R42; O.C. 3926-80, s. 31; R.R.Q., 1981, c. I-3, r. 1, s. 818R42; O.C. 91-94, s. 79; O.C. 134-2009, s. 1.