Common use of Advantage Extended Clause in Contracts

Advantage Extended. If an advantage (as defined under the Act) in relation to a RRIF is extended to the Planholder or to a person who does not deal at arm’s length with the Planholder, it is the responsibility of the Planholder to file an income tax return and pay the tax under Part XI.01 of the Act; except that if the advantage is extended by the Trustee (or by the Agent) or by a person with whom the Trustee is not dealing at arm’s length, it is the responsibility of the Trustee to file a T3GR, Group Income Tax and Information Return for RRSP, RRIF, RESP or RDSP Trusts [or any other form that is required under the Income Tax Act Canada] and pay the applicable tax under Part XI.01 of the Act.

Advantage Extended. If an advantage (as defined under the Act) in relation to a RRIF is extended to the Planholder or to a person who does not deal at arm’s length with the Planholder, it is the responsibility of the Planholder to file an income tax return and pay the tax under Part XI.01 of the Act; except that if the advantage is extended by the Trustee (or by the Agent) or by a person with whom the Trustee is not dealing at arm’s length, it is the responsibility of the Trustee to file a T3GR, Group Income Tax and Information Return for RRSP, RRIF, RESP or RDSP Trusts [or any other form that is required under the Income Tax Act Canada] and pay the applicable appli- cable tax under Part XI.01 of the Act.

Advantage Extended. If an advantage (as defined under the Act) in relation to a RRIF is extended to the tothe Planholder or to a person who does not deal at arm’s length with the Planholder, it is the responsibility of the ofthe Planholder to file an income tax return and pay the tax under Part XI.01 of the Act; except that if the advantage is extended by the Trustee (or by the Agent) or by a person with whom the Trustee is not dealing at arm’s length, it is the responsibility of the Trustee to file a T3GR, Group Income Tax and Information Return for RRSP, RRIF, RESP or RDSP Trusts [or any other form that is required under the Income Tax Act Canada] and pay the applicable tax under Part XI.01 of the Act.

Advantage Extended. If an advantage (as defined under the Act) in relation to a RRIF is extended to the Planholder or to a person who does not deal at arm’s length with the Planholder, it is the responsibility of the Planholder to file an income tax return and pay the tax under Part XI.01 of the Act; except that if the advantage is extended by the Trustee (or by the Agent) or by a person with whom the Trustee is not dealing at arm’s length, it is the responsibility of the Trustee to file a T3GR, Group Income Tax and Information Return for RRSP, RRIF, RESP or RDSP Trusts [(or any other form that is required under the Income Tax Act Canada] ) and pay the applicable tax under Part XI.01 of the Act.