Income Tax Regulations
Version of section 217 from 2011-09-22 to 2024-10-30:
217 (1) In this section,
- disposition
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
insurer has the meaning assigned by paragraph 148(10)(a) of the Act; (assureur)
- life insurance policy
life insurance policy[Repealed, SOR/2011-188, s. 4]
(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 Acts and regulations.]
- SOR/78-449, s. 4
- SOR/84-967, s. 2
- SOR/88-165, s. 31(F)
- SOR/2003-5, s. 7
- SOR/2010-93, s. 5(F)
- SOR/2011-188, s. 4
- Date modified: