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Versions of s. 138(17.1)(b)

I-3.3 — Income Tax Act · 3 versions · View current text

Historical text comes from the Justice Laws point-in-time corpus and is unofficial — not the official version.

  1. 2023-01-01 to present available View Source
    the referencedescription of D in those subsections to “that ends after the beginningdefinition of thereserve transition year”amount in subsection (12) is to be read as follows: D is the amount determined by the formula D.1 − D.2 where D.1 is the maximum amount that the insurer is permitted to claim under paragraph 20(7)(c) as a policy reserve determined without reference to “thatthe endsinsurer’s noexcluded soonerpolicies, thanand twoD.2 years afteris the beginningamount of policy acquisition costs of the transitioninsurer year”;that andis not deductible, but in the absence of subsection 18(9.02) (as it read in the base year) would have been deductible, in the base year or a preceding taxation year;
    Full text

    the description of D in the definition reserve transition amount in subsection (12) is to be read as follows: D is the amount determined by the formula D.1 − D.2 where D.1 is the maximum amount that the insurer is permitted to claim under paragraph 20(7)(c) as a policy reserve determined without reference to the insurer’s excluded policies, and D.2 is the amount of policy acquisition costs of the insurer that is not deductible, but in the absence of subsection 18(9.02) (as it read in the base year) would have been deductible, in the base year or a preceding taxation year;

  2. 2017-12-14 to 2023-01-01 View Source
    the reference in those subsections to “that ends after the beginning of the transition year” is to be read as a reference to “that ends no sooner than two years after the beginning of the transition year”; and
    Full text

    the reference in those subsections to “that ends after the beginning of the transition year” is to be read as a reference to “that ends no sooner than two years after the beginning of the transition year”; and

  3. 2010-12-15 to 2017-12-14 View Source

    the reference in those subsections to “that ends after the beginning of the transition year” is to be read as a reference to “that ends no sooner than two years after the beginning of the transition year”; and