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Income Tax Regulations

Version of section 5000 from 2011-12-15 to 2013-12-11:

Marginal note:Non-prohibited investment

 For the purpose of the definition prohibited investment in subsection 207.01(1) of the Act, an investment is prescribed excluded property at any time if it is

  • (a) property described in paragraph 4900(1)(j.1); or

  • (b) a share of a mutual fund corporation or a unit of a mutual fund trust where

    • (i) the corporation or trust is a mutual fund that is subject to, and substantially complies with, the requirements of National Instrument 81-102 Mutual Funds, as amended from time to time, of the Canadian Securities Administrators, and

    • (ii) the time is before the end of the second taxation year of the corporation or trust.

  • [NOTE: Application provisions are not included in the consolidated text
  • see relevant amending Acts and regulations.]
  • SOR/2005-264, s. 9
  • 2009, c. 2, s. 107
  • 2011, c. 24, s. 85

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