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Income Tax Regulations

Version of section 9000 from 2014-06-19 to 2020-06-17:


 For the purposes of paragraph (e) of the definition financial institution in subsection 142.2(1) of the Act, the following are prescribed persons:

  • (a) the Business Development Bank of Canada;

  • (b) BDC Capital Inc.; and

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

    • (i) the trust is a related segregated fund trust (within the meaning assigned by paragraph 138.1(1)(a) of the Act),

    • (ii) the trust is deemed, under paragraph 138.1(1)(a) of the Act, to have been created at a time that is not more than two years before that particular time, and

    • (iii) the cost of the trustee’s interest (as determined by paragraph 138.1(1)(c) and (d) of the Act) in the trust does not exceed $5,000,000.

  • [NOTE: Application provisions are not included in the consolidated text
  • see relevant amending Acts and regulations.]
  • 2009, c. 2, s. 118
  • 2014, c. 20, s. 37
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