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Income Tax Regulations

Version of section 7900 from 2004-08-31 to 2009-11-18:
 


7900. For the purposes of section 33.1, paragraph 95(2)(a.3), clause 212(1)(b)(iii)(D) and subparagraph 212(1)(b)(xi) of the Act, “prescribed financial institution” means

  • (a) a corporation that is a member of the Canadian Payments Association; or

  • (b) a credit union that is a shareholder or member of a body corporate or organization that is a central for the purposes of the Canadian Payments Association Act.

  • NOTE: Application provisions are not included in the consolidated text;
  • see relevant amending regulations. SOR/90-285, s. 2;
  • SOR/94-686, s. 79(F);
  • SOR/97-505, s. 10.