Income Tax Regulations

5002 For the purpose of subparagraph 206(2.01)(b)(ii) of the Act,

• (a) a prescribed trust is,

  • (i) a pooled fund trust,

  • (ii) a trust that would be a mutual fund trust if Part XLVIII were read without reference to paragraph 4801(b),

  • (iii) a resource property trust,

  • (iv) a master trust, as described in section 5001, or

  • (v) a trust if

    • (A) the trust would be a mutual fund trust if Part XLVIII were read without reference to section 4801, and

    • (B) there has been a lawful distribution in a province to the public of units of the trust and a prospectus, registration statement or similar document was not required under the laws of the province to be filed in respect of the distribution; and

• (b) a prescribed partnership is a qualified limited partnership.