TERMIUM Plus®
The Government of Canada’s terminology and linguistic data bank.
SOCIETE ADMISSIBLE [2 records]
Record 1 - internal organization data 1996-05-01
Record 1, English
Record 1, Subject field(s)
- Taxation
Record 1, Main entry term, English
- qualified corporation
1, record 1, English, qualified%20corporation
correct
Record 1, Abbreviations, English
Record 1, Synonyms, English
- qualifying corporation 2, record 1, English, qualifying%20corporation
correct
Record 1, Textual support, English
Record number: 1, Textual support number: 1 OBS
Source for "qualifying corporation": Income Tax Act, S. 127.1(2). 3, record 1, English, - qualified%20corporation
Record number: 1, Textual support number: 2 OBS
Source for "qualified corporation": Income Tax Act, Bill, December 1992, 259(5). 1, record 1, English, - qualified%20corporation
Record 1, French
Record 1, Domaine(s)
- Fiscalité
Record 1, Main entry term, French
- société admissible
1, record 1, French, soci%C3%A9t%C3%A9%20admissible
correct, feminine noun
Record 1, Abbreviations, French
Record 1, Synonyms, French
Record 1, Textual support, French
Record number: 1, Textual support number: 1 OBS
Source : Loi de l'impôt sur le revenu, article 125.4(1). 1, record 1, French, - soci%C3%A9t%C3%A9%20admissible
Record 1, Spanish
Record 1, Textual support, Spanish
Record 2 - internal organization data 1990-03-01
Record 2, English
Record 2, Subject field(s)
- Investment
- Insurance Law
Record 2, Main entry term, English
- legal-for-life company
1, record 2, English, legal%2Dfor%2Dlife%20company
correct
Record 2, Abbreviations, English
Record 2, Synonyms, English
- legal-for-life firm 1, record 2, English, legal%2Dfor%2Dlife%20firm
correct
- legal-for-life corporation 1, record 2, English, legal%2Dfor%2Dlife%20corporation
correct
Record 2, Textual support, English
Record number: 2, Textual support number: 1 CONT
Generally, under current federal and provincial legislation, insurance and pension institutions can only invest in companies that have four to five years of positive earnings or four to five years of dividend payout. The provisions vary from province to province, but in all cases companies that meet those performance criteria - known as "legal-for-life" companies - presumably have sound financial histories that are deemed safe for life insurance companies to invest in. The federal government, however, plans to do away with the legal-for-life requirement and replace it with new "prudent portfolio" rules to guide the investment practices of insurance and pension fund managers. 1, record 2, English, - legal%2Dfor%2Dlife%20company
Record 2, French
Record 2, Domaine(s)
- Investissements et placements
- Droit des assurances
Record 2, Main entry term, French
- société admissible
1, record 2, French, soci%C3%A9t%C3%A9%20admissible
proposal, feminine noun
Record 2, Abbreviations, French
Record 2, Synonyms, French
Record 2, Textual support, French
Record 2, Spanish
Record 2, Textual support, Spanish
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