Tax wiki
s. 211.5
PART XII.3 — Tax on Investment Income of Life Insurers
Provisions applicable to Part
Not yet annotated · Text current to 2026-06-21 · section last amended 2004-08-31
Current text
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.
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
the annualized tax payable under this Part by the insurer for the year, and
the annualized tax payable under this Part by the insurer for the immediately preceding taxation year.
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 211.5 links to the one before it.
Enacting and amending legislation
- R.S., 1985, c. 1 (5th Supp.), s. 211.5; 1994, c. 7, Sch. II, s. 173; 1998, c. 19, s. 215
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. 211.5.