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OJ 6: PCA credit for maximum deficit in FDP account
or “Credit for companies related to foreign dividend deficits (no longer applicable)”
You could also call this:

“Removed rule about credits for reduced deficits in foreign dividend payment accounts”

This section of the law has been removed. It used to be about a credit for policyholder credit accounts when there was a reduced deficit in a foreign dividend payment account. The rule was taken out of the Income Tax Act 2007 on 1 July 2010. This means it no longer applies and you don’t need to worry about it anymore.

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Next up: OJ 8: PCA payment of tax relating to policyholder base

or “Old rules for insurance companies' tax payments on policyholder income”
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Part O Memorandum accounts
Policyholder credit accounts (PCA): Policyholder credits of PCA company

OJ 7PCA credit for reduced deficit in FDP account (Repealed)

    Notes
    • Section OJ 7: repealed, on , by section 439(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).