18 May 2000 Internal T.I. 2000-0006037 F - FRAIS D'ACQUISITION -- summary under Timing

CCRA indicated that “the matching principle mentioned in … IT-417R2 as well as the Agency's comments on the Canderel and Toronto College decisions set out in Income Tax Technical News No. 16 [and] … F9913160 … do not apply to acquisition expenses incurred by an insurer” (i.e., life insurance policy acquisition expenses, including commissions directly related to the acquisition of the policy) but indicated that generally, those expenses are deductible in the year in which they are incurred.