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Home / Simons-Taxes /Personal and employment tax /Part E1 Income tax /Division E1.4 Savings and investment income /Purchased life annuities / E1.430A Purchased life annuities—the exempt proportion
Commentary

E1.430A Purchased life annuities—the exempt proportion


Personal and employment tax

Where the term of the annuity depends solely on duration of human life

The exempt proportion of an annuity payment is:

where:

  1. Ìý

    ÌýÌýÌýÌý AP is the annuity payment

  2. Ìý

    ÌýÌýÌýÌý PP is the purchase price of the annuity (see E1.430C)

  3. Ìý

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