Words and Phrases - "reinsurance commission"
15 November 2016 External T.I. 2015-0597921E5 - Subsection 138(11.94) election
Summary Under
Tax Topics - Income Tax Act - Section 138 - Subsection 138(11.5) - Paragraph 138(11.5)(m)insurance assets transferred to a subsidiary in consideration for assuming obligations of the insurance business could qualify as “reinsurance premiums”
In the context of a tax-deferred transfer of an insurance business carried on in Canada under s. 138(11.94), how are the terms “reinsurance...