I-3, r. 1 - Regulation respecting the Taxation Act

Section 1086r77 Disposition versions

2021-12-01

1086R77. Where in any taxation year a reporting person, other than a registered investment, claims that a share of its capital stock issued by it, or an interest as a beneficiary under it, is a qualified investment within the meaning of section 890.15 of the Act or within the meaning assigned to that expression for the purposes of section 905.0.12 of the Act, the reporting person must, for the year and within 90 days after the end of the year, file an information return in prescribed form.

For the purposes of the first paragraph,

(a)  a reporting person is

i.  a mutual fund corporation,

ii.  an investment corporation,

iii.  a mutual fund trust,

iv.  a trust that would be a mutual fund trust if section 1120R1 were read without reference to paragraph b, or

v.  any other person described in paragraph 1 of section 221 of the Income Tax Regulations made under the Income Tax Act (R.S.C. 1985, c. 1 (5th Suppl.)); and

(b)  a registered investment means a trust or corporation accepted for the purposes of the Income Tax Act by the Minister of National Revenue as a registered investment and the registration of which is in effect.

s. 1086R23; O.C. 1981-80, s. 1086R23; R.R.Q., 1981, c. I-3, r. 1, s. 1086R23; O.C. 421-88, s. 38; O.C. 1471-91, s. 33; O.C. 1114-93, s. 45; O.C. 473-95, s. 48; O.C. 1707-97, s. 98; O.C. 1282-2003, s. 83; O.C. 1149-2006, s. 69; O.C. 134-2009, s. 1; O.C. 1448-2021, s. 9.

2012-09-01

1086R77. Where in any taxation year a reporting person, other than a registered investment, claims that a share of its capital stock issued by it, or an interest as a beneficiary under it, is a qualified investment within the meaning of section 890.15 of the Act, the reporting person must, for the year and within 90 days after the end of the year, file an information return in prescribed form.

For the purposes of the first paragraph,

(a)  a reporting person is

i.  a mutual fund corporation,

ii.  an investment corporation,

iii.  a mutual fund trust,

iv.  a trust that would be a mutual fund trust if section 1120R1 were read without reference to paragraph b, or

v.  any other person described in paragraph 1 of section 221 of the Income Tax Regulations made under the Income Tax Act (R.S.C. 1985, c. 1 (5th Suppl.)); and

(b)  a registered investment means a trust or corporation accepted for the purposes of the Income Tax Act by the Minister of National Revenue as a registered investment and the registration of which is in effect.

s. 1086R23; O.C. 1981-80, s. 1086R23; R.R.Q., 1981, c. I-3, r. 1, s. 1086R23; O.C. 421-88, s. 38; O.C. 1471-91, s. 33; O.C. 1114-93, s. 45; O.C. 473-95, s. 48; O.C. 1707-97, s. 98; O.C. 1282-2003, s. 83; O.C. 1149-2006, s. 69; O.C. 134-2009, s. 1.