Income Tax Regulations — 2400
 reinsurance contract held amount for the group is in respect of the reinsurance of a risk under a policy other than a policy that is in respect of property and casualty insurance, the reinsurance contract held amount for the group, and (b) in any other case, the amount that would be the reinsurance contract held amount for the group if the reinsurance contract held amount were determined excluding any portion that is in respect of the reinsurance of a risk under a policy other than policies in respect of property and casualty insurance; G is the insurer’s investment valuation reserve as at the end of the year in respect of its property and casualty insurance business; and H is the insurer’s investment valuation reserve as at the end of its preceding taxation year in respect of its property and casualty insurance business. ( excédent provenant de l’assurance de dommages ) reinsurance contract held amount for a group of reinsurance contracts held by an insurer at the end of a taxation year has the same meaning as in subsection 138(12) of the Act. ( montant au titre des contrats de réassurance détenus ) reinsurance recoverable [Repealed, 2022, c. 19, s. 85] value for a taxation year of a property of a person or partnership (in this definition referred to as the “owner”) means (a) [Repealed, 2022, c. 19, s. 85] (b) [Repealed, 2022, c. 19, s. 85] (c) in the case of a property that was not owned by the owner throughout the year, the amount, if any, by which (i) that proportion of (A) the carrying value of the property as at the end of the preceding taxation year, if the property was owned by the owner at that time, (B) the carrying value of the property as at the end of the year, if the property was owned by the owner at that time and not at the end of the preceding taxation year, and (C) in any other case, the cost of the property to the owner when it was acquired, that the number of days that are in the year and at the end of which the owner owned the property is of the number of days in the year, exceeds (ii) the amount obtained when the interest payable by the owner, for the period in the year during which the property was held by the owner, on debt assumed or incurred by the owner in respect of the acquisition of the property (or another property for which the property is a substituted property) is divided by the average rate of interest payable by the owner (expressed as an annual rate) on the debt for the year; and (d) in the case of any other property, the amount, if any, by which (i) 50% of the total of (A) the carrying value of the property as at the end of the year, and (B) the carrying value of the property as at the end of the preceding taxation year exceeds (ii) the amount obtained when the interest payable by the owner, for the period in the year during which the property was held by the owner, on debt assumed or incurred by the owner in respect of the acquisition of the property (or another property for which the property is a substituted property) is divided by the average rate of interest payable by the owner (expressed as an annual rate) on the debt for the year. ( valeur ) weighted Canadian liabilities of an insurer as at the end of a taxation year means the amount determined by the formula (3 × A) + B where A is the amount determined by the formula C − (0.9 × D) − (E − (0.9 × F)) where C is the total of all amounts each of which is an amount in respect of an insurance business carried on by the insurer in Canada and that is reported as a liability (other than policyholders’ liabilities or a liability for an obligation to pay a benefit under a segregated fund policy in respect of which subparagraphs 1406(b)(i) and (ii) apply) as at the end of the year in respect of (a) a life insurance policy in Canada (other than an annuity), or (b) an accident and sickness insurance policy, D is the total of all amounts each of which is an amount, in respect of a group of insurance contracts of the insurer at the end of the ye