Versions of s. 95(2)(a)(ii)(E)

by the taxpayer, where the taxpayer is a life insurance corporation resident in Canada (in this clause referred to as the “insurer”), to the extent that those amounts that were paid or payable were for expenditures that are deductible in the year or a subsequent taxation year by the insurer in computing its income or loss from carrying on its life insurance business outside Canada and are not deductible in the year or a subsequent taxation year in computing its income or loss from carrying on its life insurance business in Canada,