Income Tax Act

Version of section 127.55 from 2010-12-15 to 2017-10-13:

Marginal note:Application of s. 127.5

 Section 127.5 does not apply in respect of

  • (a) a return of income of an individual filed under subsection 70(2), paragraph 104(23)(d) or 128(2)(e) or subsection 150(4);

  • (b) [Repealed, 2001, c. 17, s. 121(1)]

  • (c) an individual for the taxation year in which the individual dies;

  • (d) an individual for the 1986 taxation year if the individual dies in 1987;

  • (e) a trust described in paragraph 104(4)(a) or (a.1) for its taxation year that includes the day determined in respect of the trust under that paragraph; and

  • (f) a taxation year of a trust throughout which the trust is

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

    • (ii) a mutual fund trust,

    • (iii) a trust prescribed to be a master trust, or

    • (iv) an employee life and health trust.

  • NOTE: Application provisions are not included in the consolidated text;
  • see relevant amending Acts. R.S., 1985, c. 1 (5th Supp.), s. 127.55;
  • 1994, c. 7, Sch. II, s. 107, Sch. VIII, s. 71;
  • 1998, c. 19, s. 151;
  • 2001, c. 17, s. 121;
  • 2010, c. 25, s. 27.
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