No Advantage. The Annuitant, or a person with whom the Annuitant does not deal at arm’s length, within the meaning of Tax Legislation, may not receive any benefit, payment or advantage, other than the benefits authorized under this Plan and the Tax Legislation.
No Advantage. No advantage, as defined under paragraph 207.01(1) of the Tax Act, may be extended to you or to any person with whom you are not dealing at arm’s length.
No Advantage. No advantage that is conditional in any way on the existence of this Plan may be extended to the Annuitant or to any person with whom the Annuitant does not deal at arm’s length, other than those advantages or benefits which may be permitted from time to time under paragraph 146(2) (c.4) of the Act and under any similar provisions of the applicable provincial income tax legislation.
No Advantage. The Holder or a person with whom the Holder does not deal at arm’s length may not receive an advantage as that term is defined in subsection 207.01(1) of the Act.
No Advantage. No advantage that depends in any manner whatsoever on the existence of the LIRA may be granted to the Annuitant or to a person with whom the Annuitant is not dealing at arm's length, other than the benefit permissible under the Act and similar provincial legislation.
No Advantage. No advantage, as per Section 207.01(1) of the Income Tax Act, that is conditional in any way on the existence of the Fund may be extended to the Annuitant or to any person with whom the Annuitant is not dealing at arm's length other than those advantages or benefits which may be permitted from time to time under the Act.
No Advantage. No advantage may be extended to the Holder or to a person with whom the Holder does not deal at arm's length. Advantage means:
(a) any benefit, loan or indebtedness that is conditional on the existence of the Account other than:
(i) a benefit derived from the provision of administrative or investment services in respect of the Account,
(ii) a loan or indebtedness (including the use of the Account as security for a loan or an indebtedness) the terms and conditions of which are terms and conditions that persons dealing at arm’s length with each other would have entered into, and
(iii) a Distribution; and
(b) an increase in the total fair market value of the Property if it is reasonable to consider, having regard to all circumstances, that the increase is attributable, directly or indirectly, to a transaction or series thereof as is described in the definition of “advantage’ in the Tax Act; and
(c) a prescribed benefit (as that term is defined in the Tax Act).
No Advantage. No benefit, loan or indebtedness that is conditional in any way on the existence of the Account or other advantage within the meaning of the Act may be extended to you or to any person with whom you do not deal at arm’s length, other than those advantages which may be permitted from time to time under the Act.
No Advantage. No advantage other than those permitted under paragraph 146 (2) (c.4) of the Tax Act that is conditional in any way on the existence of the Plan may be extended to you or to any person with whom you are not dealing at arm’s length.
No Advantage. The Annuitant or a person with whom the Annuitant does not deal at arm’s length may not receive an advantage that is conditional on the existence of the Plan, other than:
a. a benefit;
b. amounts included in the deceased Annuitant’s income or included in the income of the RRSP trust for years that the trust lost its exempt status due to the death of the last Annuitant;
c. the payment or allocation of any amount to the Plan by the Trustee;
d. an advantage from life insurance in effect on December 31, 1981; or
e. an advantage obtained from administrative or investment services provided for the Plan. 20 REPLACEMENT OF TRUSTEE: The Trustee, upon giving the Agent at least 30 days written notice or immediately if the Agent is for any reason incapable of acting in accordance with this Declaration of Trust, may resign, and the Agent, upon giving the Trustee at least 90 days written notice or immediately if the Trustee is for any reason incapable of acting as Trustee hereunder, may remove the Trustee as the Trustee of the Plan, provided that a successor Trustee has been appointed by the Agent in writing. If the Agent fails to designate a successor Trustee within 60 days after it has received notice of the Trustee’s intended resignation, the Trustee may appoint its successor Trustee. Such successor Trustee shall within 90 days of its appointment give written notice of its appointment to the Annuitant. A successor Trustee shall have the same power, rights and obligations as the Trustee. The Trustee shall execute and deliver to the successor Trustee all conveyances, transfers and further assurances as may be necessary or desirable to give effect to the appointment of the successor Trustee. Any successor Trustee shall be a corporation resident in Canada and authorized under the laws of the province of residence of the Annuitant indicated in the application to carry out its duties and responsibilities as Trustee under the Plan. Subject to the requirements of Canada Revenue Agency, any corporation resulting in the merger, consolidation or amalgamation to which the Trustee is a party or which purchases all or substantially all of the trust business of the Trustee shall be the successor Trustee hereunder without the execution of any other instrument or document except notice to the Agent and to the Annuitant.
