1 The following definitions apply in these Regulations.
authorized foreign bank has the same meaning as in section 2 of the Bank Act. (banque étrangère autorisée)
bank has the same meaning as in section 2 of the Bank Act. (banque)
foreign life company has the same meaning as in section 571 of the Insurance Companies Act. (société d’assurance-vie étrangère)
life company has the same meaning as in subsection 2(1) of the Insurance Companies Act. (société d’assurance-vie)
retail association has the same meaning as in section 2 of the Cooperative Credit Associations Act. (association de détail)
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(2) The base assessment of a financial institution that is an insurance company, other than one referred to in section 7, shall be equal to, for any fiscal year,
(b) otherwise, the aggregate of $1,000 and the amount determined by the formula
(C - D) × A / B
where
7 The base assessment of a financial institution that is a life company or a foreign life company shall be equal to, for any fiscal year,
6 The base assessment of a financial institution that is a retail association shall be equal to, for any fiscal year,
(B - D) × A / E
5 The base assessment of a financial institution that is a trust and loan company shall be equal to, for any fiscal year,