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Income Tax Regulations

Version of section 9005 from 2017-07-01 to 2024-06-19:


 For the purposes of the definition non-reporting financial institution in subsection 270(1) of the Act, the following entities are prescribed:

  • (a) a labour-sponsored venture capital corporation as prescribed in section 6701;

  • (b) a registered retirement savings plan;

  • (c) a registered retirement income fund;

  • (d) a pooled registered pension plan;

  • (e) a deferred profit sharing plan;

  • (f) a registered disability savings plan;

  • (g) a registered education savings plan;

  • (h) a registered pension plan;

  • (i) a trust governed by a registered pension plan;

  • (j) a trust described in paragraph 149(1)(o.4) of the Act, if all of the interests in the trust as a beneficiary are held by one or more registered pension plans;

  • (k) a corporation described in clause 149(1)(o.1)(i)(A) or subparagraph 149(1)(o.1)(ii) or (o.2)(i) of the Act;

  • (l) a corporation described in any of subparagraphs 149(1)(o.2)(ii) to (iii) of the Act, if all of the shares of the corporation are held by

    • (i) one or more registered pension plans or trusts governed by registered pension plans,

    • (ii) one or more trusts described in paragraph (j), or

    • (iii) one or more corporations described in this paragraph or paragraph (k);

  • (m) a trust, if all of the interests in the trust as a beneficiary are held by one or more plans, trusts or corporations described in paragraph (i), (k) or (l);

  • (n) a central cooperative credit society, as defined in section 2 of the Cooperative Credit Associations Act and whose accounts are maintained for member financial institutions; and

  • (o) a TFSA.

  • [NOTE: Application provisions are not included in the consolidated text
  • see relevant amending Acts and regulations.]
  • 2016, c. 12, s. 83

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