I-3, r. 1 - Regulation respecting the Taxation Act

Section 851.22.1r0.4 Disposition versions

2016-02-17

851.22.1R0.4. For the purposes of subparagraph c of the second paragraph of section 851.22.1 of the Act, the following are prescribed persons:

(a)  a trust, at any particular time, if at that particular time

i.  the trust is a segregated fund trust within the meaning of subparagraph k of the first paragraph of section 835 of the Act,

ii.  the trust is deemed to have been created under the first paragraph of section 851.2 of the Act at a time that is not more than 2 years before that particular time, and

iii.  the cost of the trustee’s interest in the trust, determined with reference to Divisions I and II of Chapter IV of Title V of Book VI of Part I of the Act, does not exceed $5,000,000;

(b)  the Business Development Bank of Canada; and

(c)  BDC Capital Inc.

O.C. 390-2012, s. 63; O.C. 66-2016, s. 18.

2012-09-01

851.22.1R0.4. For the purposes of subparagraph c of the second paragraph of section 851.22.1 of the Act, a trust is a prescribed person at any time if, at that time,

(a)  the trust is a segregated fund trust within the meaning of subparagraph k of the first paragraph of section 835 of the Act;

(b)  the trust is deemed to have been created, under the first paragraph of section 851.2 of the Act, not later than 2 years before the particular time; and

(c)  the cost of the trustee’s interest in the trust, determined taking into account Divisions I and II of Chapter IV of Title V of Book VI of Part I of the Act, does not exceed $5,000,000.

O.C. 390-2012, s. 63.