Income Tax Act — I-3.3 138
142.3(1) applies for the year, B is its income for the year from each trust of which it is a beneficiary, C is its income for the year from each partnership of which it is a member, D is the total of all amounts required by subsection 16(1) to be included in computing its income for the year, E is the total of (a) all amounts required by paragraph 142.3(1)(a) to be included in computing its income for the year, and (b) all amounts required by subsection 12(3) or 20(14) to be included in computing its income for the year except to the extent that those amounts are included in the computation of A, F is the amount determined by the formula V - W where V is the total of all amounts included under paragraph 56(1)(d) in computing its income for the year, and W is the total of all amounts deducted under paragraph 60(a) in computing its income for the year; and G is the total of all amounts each of which is (a) an amount deemed by subparagraph 16(6)(a)(ii) to be paid by it in respect of the year as interest, or (b) an amount deductible under paragraph 142.3(1)(b) in computing its income for the year; ( revenus bruts de placements ) group of insurance contracts of an insurer means a group of insurance contracts of the insurer, determined according to International Financial Reporting Standards, that is a group for the purposes of determining an amount of the insurer that is reported as at the end of the insurer’s taxation year and, for greater certainty, includes a group of insurance contracts that include reinsurance contracts under which the insurer has assumed reinsurance risk; ( groupe de contrats d’assurance ) group of life insurance contracts of an insurer means a group of life insurance contracts of the insurer, determined according to International Financial Reporting Standards, that is a group for the purposes of determining an amount of the insurer that is reported as at the end of the insurer’s taxation year and, for greater certainty, includes a group of life insurance contracts that include reinsurance contracts under which the insurer has assumed reinsurance risk; ( groupe de contrats d’assurance-vie ) group of life insurance contracts in Canada of an insurer means a group of life insurance contracts of the insurer that includes only life insurance contracts issued or effected by the insurer on the life of a person resident in Canada at the time the contract was issued or effected; ( groupe de contrats d’assurance-vie au Canada ) group of reinsurance contracts held by an insurer means a group of reinsurance insurance contracts held by the insurer, determined according to International Financial Reporting Standards, that is a group for the purposes of determining an amount of the insurer that is reported as at the end of the insurer’s taxation year; ( groupe de contrats de réassurance ) group of segregated fund policies of an insurer means a group of insurance contracts of the insurer that includes only segregated fund policies (within the meaning assigned by paragraph 138.1(1)(a)); ( groupe de polices à fonds réservé ) insurance , of a risk, includes the reinsurance of the risk; ( assurance ) interest , in relation to a policy loan, means the amount in respect of the policy loan that is required to be paid under the terms and conditions of the policy in order to maintain the policyholder’s interest in the policy; ( intérêt ) liability for incurred claims , for a group of insurance contracts of an insurer at the end of a taxation year, means the lesser of the positive or negative amount of the liability for incurred claims for the group (a) that would be reported as at the end of the taxation year if the amount were determined without reference to amounts described in subparagraphs (a)(i) to (iii) of the definition liability for remaining coverage in this subsection, and (b) that would be determined at the end of the taxation year in accordance with International Financial Reporting Standards using reasonable assumptions