R.S.M. 1987, c. I50
The Insurance Corporations Tax Act
Table of Contents
1 | Definitions. | |
2 | Imposition of tax. | |
3 | Tax on special brokers. | |
4 | Exemption from tax. | |
5 | Calculation of premiums. | |
6 | Meaning of "business transacted". | |
(2) | Premium in respect of certain group contracts. | |
(3) | Premium in respect of certain joint contracts. | |
7 | Method of payment of tax. | |
(2) | Application for reduced quarterly payments. | |
(3) | Payment where quarterly payments reduced. | |
8 | Penalty for late payment | |
(2) | Penalty for underpayment. | |
(3) | Penalty for underpayment made late. | |
(4) | Penalty for underpayment where quarterly payments reduced. | |
(5) | Penalty additional. | |
9 | Returns by insurers. | |
10 | Power of minister to demand information. | |
11 | Appointment of inspectors to make examinations. | |
(2) | Testimony before inspectors and production of papers. | |
(3) | Determination of amount of insurance in certain cases. | |
(4) | Offence and penalty. | |
12 | Taxes a debt | |
(2) | Who is a debtor. | |
(3) | Equivalent expressions. | |
(4) | Where court action commenced. | |
(5) | Application by alleged debtor. | |
(6) | Order of restitution, etc. | |
13 | Distress in default of payment. | |
14 | Debts to Crown a lien. | |
(2) | Certificate of debt and registration. | |
(3) | Realization of lien. | |
(4) | Lien in bankruptcy proceedings. | |
15 | Attachment of money owing. | |
(2) | Liability of garnishee. | |
16 | Refusal to pay tax an offence. | |
(2) | Penalty for failure to file returns, etc. | |
(3) | Acts of agent as acts of principal. | |
17 | Penalty for dealing with unlicensed insurer. | |
18 | Further requirements by treasurer. | |
19 | Appointment of commissioners. | |
(2) | Variation of report. | |
20 | Costs of inquiry to be paid by insurer. | |
(2) | Penalty for understating amount to be taxed. | |
(3) | Costs. | |
(4) | Taxation of costs. | |
21 | Remission of penalty. | |
22 | Cancellation of licence. | |
23 | No liability to municipal taxation. | |
24 | Ordering of audit. | |
(2) | Remuneration of accountant. | |
(3) | Approval of expenses of accountant. | |
25 | Custody of documents. | |
(2) | Examination of documents. | |
26 | Reports of municipal clerks. | |
27 | Regulations. | |
28 | Substitution of this Act for Corporations Taxation Act. | |
(2) | Application of Income Taxation Act. |