Tax wiki
s. 141.1
PART I — Income Tax · DIVISION F — Special Rules Applicable in Certain Circumstances · Demutualization of Insurance Corporations
Deemed not to be a private corporation
Not yet annotated · Text current to 2026-06-21 · section last amended 2004-08-31
Current text
Notwithstanding any other provision of this Act, an insurance corporation (other than a life insurance corporation) that would, but for this section, be a private corporation is deemed not to be a private corporation for the purposes of subsection 55(5), the definition capital dividend account in subsection 89(1) and sections 123.3 and 129.
Source: Justice Laws Website. Not an official version.
Historic text
This section has not been amended since the start of the point-in-time record on 31 August 2004.
Earlier versions: Justice Laws point-in-time versions of the Act (from 31 August 2004), and CanLII (under “Versions”). On Justice Laws, each version of section 141.1 links to the one before it.
Enacting and amending legislation
- R.S., 1985, c. 1 (5th Supp.), s. 141.1; 1998, c. 19, s. 162
Text before 2004 is found in the annual Statutes of Canada cited above. Application and coming-into-force provisions are not part of the consolidation; see the amending Acts.
Cross-references
Citation
Income Tax Act, R.S.C. 1985, c. 1 (5th Supp.), s. 141.1.