| 911831 | |
| C. R. Brown | |
| (613) 957-2135 |
July 10, 1991
Dear Sirs:
Re: Life Expectancy Tables - Joint and Last Survivor
This is in reply to your correspondence concerning life expectancy tables sent by facsimile transmission July 8, 1991.
As stated in our telephone conversation, we confirm that the factor to be used for an annuity based on the a joint and last survivor in the case of a 70 year old female and a 76 year old man is 17.7.
For your information, we have enclosed a copy of the table this Department uses to determine the factors for joint and last survivor involving a female and male and with no guaranteed annuity period. This table is based on the 1971 Individual Annuity Mortality Table referred to in subsection 300(2) of the Income Tax Regulations (the "Regulations"). The aforementioned table will remain in effect until this Regulation is amended.
The Department of Finance has the responsibility to propose amendments to the Regulations. At present there are no proposals to amend subsection 300(2) of the Regulations. Usually, proposals to amend the Regulations are publicized in a press release by the Department of Finance.
As requested we are sending a facsimile transmission of this letter and the enclosed table. Our letter will be sent by regular mail.
We trust this information will be of assistance.
for DirectorBusiness and General DivisionRulings DirectorateLegislative and IntergovernmentalAffairs BranchRevenue Canada, TaxationSpeciality Rulings DirectorateAnd Rulings Directorate