II, s. 1721997, c. 25, s. 611998, c. 19, s. 2132005, c. 19, s. 462006, c. 4, s. 84
[NOTE: Application provisions are not included in the consolidated textsee relevant amending Acts and regulations.]1988, c. 55, s. 160
211.3(1)Every life insurer shall, in respect of each of its taxation years, pay to the Receiver General on or before the last day of each month in the year, an amount equal to 1/12 of the lesser of(a)the amount estimated by the insurer to be the annualized tax payable under this Part by it for the year, and(b)the annualized tax payable under this Part by the insurer for the immediately preceding taxation year.Marginal note:Annualized tax payable(2)For the purposes of subsections 211.3(1) and 211.5(2), the annualized tax payable under this Part by a life insurer for a taxation year is the amount determined by the formula(365/A) × BwhereAis(a)if the year is less than 357 days, the number of days in the year (other than February 29), and(b)otherwise, 365; andBis the tax payable under this Part by the insurer for the year.
(a)the amount estimated by the insurer to be the annualized tax payable under this Part by it for the year, and(b)the annualized tax payable under this Part by the insurer for the immediately preceding taxation year.
(a)if the year is less than 357 days, the number of days in the year (other than February 29), and(b)otherwise, 365; and
[NOTE: Application provisions are not included in the consolidated textsee relevant amending Acts and regulations.]R.S., 1985, c. 1 (5th Supp.), s. 211.31998, c. 19, s. 214
[NOTE: Application provisions are not included in the consolidated textsee relevant amending Acts and regulations.]R.S., 1985, c. 1 (5th Supp.), s. 211.42003, c. 15, s. 127
211.5(1)Section 152, subsection 157(2.1), sections 158 and 159, subsections 161(1), 161(2), 161(2.1), 161(2.2) and 161(11), sections 162 to 167 and Division J of Part I apply to this Part, with such modifications as the circumstances require.Marginal note:Interest on instalments(2)For the purposes of subsection 161(2) and section 163.1 as they apply to this Part, a life insurer is, in respect of a taxation year, deemed to have been liable to pay, on or before the last day of each month in the year, an instalment equal to 1/12 of the lesser of(a)the annualized tax payable under this Part by the insurer for the year, and(b)the annualized tax payable under this Part by the insurer for the immediately preceding taxation year.
(a)the annualized tax payable under this Part by the insurer for the year, and(b)the annualized tax payable under this Part by the insurer for the immediately preceding taxation year.
[NOTE: Application provisions are not included in the consolidated textsee relevant amending Acts and regulations.]R.S., 1985, c. 1 (5th Supp.), s. 211.51994, c. 7, Sch