Income Tax Act

Marginal note:Application of s. 127.5

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• (b) [Repealed, 2001, c. 17, s. 121(1)]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