Income Tax Regulations

310 The following definitions apply for the purposes of this section and sections 300, 301 and 304 to 309.

amount payable

montant payable

amount payable has the same meaning as in subsection 138(12) of the Act. (montant payable)

benefit on death

prestation de décès

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

cash surrender value

valeur de rachat

cash surrender value has the same meaning as in subsection 148(9) of the Act. (valeur de rachat)

policy anniversary

anniversaire de la police

policy anniversary includes, in the case of a life insurance policy that is in existence throughout a calendar year and that would not otherwise have a policy anniversary for the calendar year, the end of the calendar year. (anniversaire de la police)

policy loan

avance sur police

policy loan has the same meaning as in subsection 148(9) of the Act. (avance sur police)

proceeds of the disposition

produit de la disposition

proceeds of the disposition has the same meaning as in subsection 148(9) of the Act. (produit de la disposition)

tax anniversary date

jour anniversaire d’imposition

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