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Versions of s. 211.3(2)

I-3.3 — Income Tax Act · 1 version · View current text

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

  1. 2004-08-31 to present available View Source

    For the purposes of subsections 211.3(1) and 211.5(2), the annualized tax payable under this Part by a life insurer for a taxation year is the amount determined by the formula(365/A) × B where A is if the year is less than 357 days, the number of days in the year (other than February 29), and otherwise, 365; and B is the tax payable under this Part by the insurer for the year.