Income Tax Regulations
217. (1) In this section,
“disposition” has the meaning assigned by subsection 148(9) of the Act and includes anything deemed to be a disposition of a life insurance policy under subsection 148(2) of the Act; (disposition)
“insurer” has the meaning assigned by paragraph 148(10)(a) of the Act; (assureur)
- “life insurance policy”
“life insurance policy” has the meaning assigned by subsection 138(12) of the Act. (police d’assurance-vie)
(2) Where by reason of a disposition of an interest in a life insurance policy an amount is required, pursuant to paragraph 56(1)(j) of the Act, to be included in computing the income of a taxpayer and the insurer that is the issuer of the policy is a party to, or is notified in writing of, the disposition, the insurer shall make an information return in prescribed form in respect of the amount.
- NOTE: Application provisions are not included in the consolidated text;
- see relevant amending regulations. SOR/78-449, s. 4;
- SOR/84-967, s. 2;
- SOR/88-165, s. 31(F);
- SOR/2003-5, s. 7.
- Date modified: