Additional permitted transactions with related parties
 6. For the purposes of paragraph 16 of subsection 437.18 (1) of the Act, each of the following transactions between an insurer and a related party is permitted, subject to subsection 437.18 (4) of the Act: 1.  The acceptance or retention by the insurer, on the direction of the related party who is a policy holder or beneficiary under a policy, of amounts that are payable as policy dividends, policy bonuses or policy proceeds on the surrender or maturity of a policy or on the death of the person whose life is insured, if the liability of the insurer in respect of those amounts varies in amount depending on the market value of a group of assets constituting a separate and distinct fund under section 109 of the Act. 2.  The acquisition by the insurer from the related party of, i.  securities issued or guaranteed by the Government of Canada or a province of Canada, or ii.  assets fully secured by securities issued or guaranteed by the Government of Canada or a province of Canada. 3.  The leasing by the insurer from the related party of property to be used in the ordinary course of the insurer’s business, if the lease payments are made in money. 4.  The leasing of property by the insurer to the related party, if the lease payments are made in money. 5.  The allocation of an amount by or to the insurer made pursuant to subsection 18 (2.3), 125 (3), 127 (10.3), 181.5 (2), 190.15 (2), 190.16 (2) or 191.1 (3) of the Income Tax Act (Canada). 6.  An allocation of an amount by or to the insurer made pursuant to subsection 74.1 (10) of the Corporations Tax Act. 7.  An agreement or amended agreement described in subsection 191.3 (1) of the Income Tax Act (Canada) under which, i.  the insurer agrees to pay all or a portion of the tax of the related party, and ii.  the related party agrees to pay the insurer an amount equal to or greater than the additional costs incurred by the insurer, including additional taxes payable under the Income Tax Act (Canada), as a result of the insurer entering into the agreement or amended agreement. 8.  An agreement or amended agreement described in subsection 191.3 (1) of the Income Tax Act (Canada) under which the related party agrees to pay all or a portion of the insurer’s tax. 9.  The issue by or to the insurer of conversion privileges, options or rights to acquire securities, the issuance of which is not otherwise provided for in the terms and conditions pursuant to which a security is or has been issued. 10.  The purchase, for the purpose of cancellation, of any shares or debt obligations issued by or to the insurer, the purchase of which is not otherwise provided for in the terms and conditions pursuant to which the shares or debt obligations were issued. 11.  The redemption of any redeemable shares or any debt obligations issued by or to the insurer, the redemption of which is not otherwise provided for in the terms and conditions pursuant to which the shares or debt obligations were issued. 12.  The payment or delivery of money or property by or to the insurer as a consequence of a reduction in the stated capital of the insurer or the related party.  O. Reg. 130/08, s. 6.