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I-3 - Taxation Act

Section 905.0.12
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905.0.12. If section 905.0.10 does not apply and a trust governed by a registered disability savings plan holds, in a taxation year, a property that is not a qualified investment (within the meaning assigned to that expression by subsection 1 of section 146.4 of the Income Tax Act (R.S.C. 1985, c. 1 (5th Suppl.)) for the trust, the trust shall, despite section 905.0.9, pay tax under this Part on the amount that its taxable income for the year would be if it had no incomes or losses from sources other than properties that are not qualified investments for the trust and no capital gains or capital losses other than from the disposition of such properties.
2009, c. 15, s. 168; 2012, c. 8, s. 146; 2020, c. 16, s. 137.
905.0.12. If section 905.0.10 does not apply and a trust governed by a registered disability savings plan holds, in a taxation year, a property that is not a qualified investment (within the meaning assigned to that expression for the purposes of paragraph b of subsection 5 of section 146.4 of the Income Tax Act (R.S.C. 1985, c. 1 (5th Suppl.))) for the trust, the trust shall, despite section 905.0.9, pay tax under this Part on the amount that its taxable income for the year would be if it had no incomes or losses from sources other than properties that are not qualified investments for the trust and no capital gains or capital losses other than from the disposition of such properties.
2009, c. 15, s. 168; 2012, c. 8, s. 146.
905.0.12. If section 905.0.10 does not apply and a trust governed by a registered disability savings plan holds, in a taxation year, a property that is not a qualified investment (within the meaning assigned to that expression for the purposes of paragraph b of subsection 5 of section 146.4 of the Income Tax Act (R.S.C. 1985, c. 1 (5th Suppl.)) for the trust, the trust shall, despite section 905.0.9, pay tax under this Part on the amount that its taxable income for the year would be if it had no incomes or losses from sources other than the property and no capital gains or capital losses other than from the disposition of the property.
2009, c. 15, s. 168.
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