Income Tax Regulations

204 (1) Every person having the control of, or receiving income, gains or profits in a fiduciary capacity, or in a capacity analogous to a fiduciary capacity, shall make a return in prescribed form in respect thereof.

(2) The return required under this section shall be filed within 90 days from the end of the taxation year and shall be in respect of the taxation year.

(3) Subsection (1) does not require a trust to make a return for a taxation year at the end of which it is

• (a) governed by a deferred profit sharing plan or by a plan referred to in subsection 147(15) of the Act as a revoked plan;

• (b) governed by an employees profit sharing plan;

• (c) a registered charity;

• (d) governed by an eligible funeral arrangement;

• (d.1) a cemetery care trust;

• (e) governed by a registered education savings plan; or

• (f) governed by a TFSA or by an arrangement that is deemed by paragraph 146.2(9)(a) of the Act to be a TFSA.