Income Tax Regulations
Version of section 5000 from 2011-12-15 to 2013-12-11:
Marginal note:Non-prohibited investment
5000 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
- Date modified: