Income Tax Elections. In respect of the first taxation year of the Trust, the Trust shall, within the time prescribed, elect pursuant to subsection 132(6) of the Income Tax Act (as same may be amended) that the Trust be deemed to be a mutual fund trust for the entire year. The Trust shall also apply to be a registered investment for the purposes of the Income Tax Act in accordance with the definition of “registered investment” set out at section 204.4 thereof.
Appears in 4 contracts
Samples: Contract of Trust, Contract of Trust, Contract of Trust
