Income Tax Regulations

310 For the purposes of sections 300, 301 and 304 to 309 and this section,

amount payable

amount payable has the meaning assigned by paragraph 138(12)(b.1) of the Act; (montant payable)

benefit on death

benefit on death does not include policy dividends or any interest thereon held on deposit by an insurer or any additional amount payable as a result of accidental death; (prestation de décès)

cash surrender value

cash surrender value has the meaning assigned by paragraph 148(9)(b) of the Act; (valeur de rachat)

life insurance policy

life insurance policy has the meaning assigned by paragraph 138(12)(f) of the Act; (police d’assurance-vie)

life insurance policy in Canada

life insurance policy in Canada has the meaning assigned by paragraph 138(12)(g) of the Act; (police d’assurance-vie au Canada)

policy anniversary

policy anniversary includes, where a life insurance policy was in existence throughout a calendar year and there would not otherwise be a policy anniversary in the year in respect of the policy, the end of the calendar year; (anniversaire de la police)

policy loan

policy loan has the meaning assigned by paragraph 148(9)(e) of the Act; (avance sur police)

proceeds of the disposition

proceeds of the disposition has the meaning assigned by paragraph 148(9)(e.2) of the Act; (produit de la disposition)

tax anniversary date

tax anniversary date in relation to an annuity contract means the second anniversary date of the contract to occur after October 22, 1968. (date anniversaire d’imposition)