Income Tax Regulations
Version of section 1406 from 2023-01-01 to 2024-11-26:
1406 Any amount determined under section 1404 shall be determined
(a) [Repealed, 2022, c. 19, s. 82]
(b) by excluding any obligation to pay a benefit under a segregated fund policy if
(i) the amount of the benefit varies with the fair market value of the segregated fund at the time the benefit becomes, or may become, payable, and
(ii) the benefit is not in respect of a guarantee given by the insurer under a segregated fund policy; and
(c) without reference to any amount in respect of a deposit accounting insurance policy.
- [NOTE: Application provisions are not included in the consolidated text
- see relevant amending Acts and regulations.]
- SOR/79-425, s. 1
- SOR/99-269, s. 6
- 2010, c. 25, s. 79
- 2013, c. 34, s. 387
- 2022, c. 19, s. 82
- Date modified: