Hyperlawhypertext legal database Income Tax Act

← Historical versions

Versions of s. 138(2)(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. 2017-12-14 to present available View Source
    if a life insurer resident in Canada carries on an insurance business in Canada and in a country other than Canada in a taxation year, for greater certainty,
    Full text

    if a life insurer resident in Canada carries on an insurance business in Canada and in a country other than Canada in a taxation year, for greater certainty,

  2. 2013-06-26 to 2017-12-14 View Source
    noif amounta shalllife beinsurer includedresident in computingCanada itscarries incomeon foran theinsurance yearbusiness in respect of its taxable capital gainsCanada and allowablein capitala lossescountry from dispositions of property (otherother than property disposed ofCanada in a taxation yearyear, infor whichgreater it was designated insurance property) of the insurer used or held by it in the course of carrying on an insurance business.certainty,
    Full text

    if a life insurer resident in Canada carries on an insurance business in Canada and in a country other than Canada in a taxation year, for greater certainty,

  3. 2004-08-31 to 2013-06-26 View Source

    no amount shall be included in computing its income for the year in respect of its taxable capital gains and allowable capital losses from dispositions of property (other than property disposed of in a taxation year in which it was designated insurance property) of the insurer used or held by it in the course of carrying on an insurance business.