Payment by the Trustee of Taxes. In the event the Trust created hereunder becomes liable to or subject to any taxes under the Tax Act or otherwise, the Trustee shall be entitled to make payment of such taxes out of the Fund to the appropriate taxing authority without prior approval or instruction of the Tribunal, provided the Trustee has received notification as to the amount of taxes owing by reference to an assessment from the appropriate taxing authority or a signed copy of the Trust's annual tax return for that year from the Company. For greater certainty, subject to section 4.10, the Trustee shall have no duty or responsibility to confirm the calculation of the amount of tax owing by the Trust, and shall be entitled to rely on the calculations in any assessment or annual tax returns provided to the Trustee.
Payment by the Trustee of Taxes. (a) In the event the Trust created hereunder becomes liable to or subject to any taxes under the Tax Act, any similar provincial legislation or otherwise, the Trustee shall prepare and file all required tax returns and shall be entitled, to make payment of such taxes out of the Fund to the appropriate taxing authority without prior approval or instruction of the Tribunal, provided the Trustee has received notification as to the amount of taxes owing by reference to an assessment from the appropriate taxing authority or a signed copy of the Trust’s annual tax return for that year from the Company. For greater certainty, subject to the Standard of Care, the Trustee shall have no duty or responsibility to confirm the calculation of the amount of tax owing by the Trust, and shall be entitled to rely on the calculations in any assessment or annual tax returns provided to the Trustee.
Payment by the Trustee of Taxes. In the event the Trust created hereunder becomes liable to or subject to any taxes under the Tax Act, any similar provincial legislation or otherwise, the Trustee shall prepare and file all required tax returns and shall be entitled to make payment of such taxes out of the Fund to the appropriate taxing authority without prior approval or instruction of the Tribunal. The Trustee shall deliver a copy of each tax return for the Trust to the Company on or before the sixtieth (60th) day following the close of each fiscal year of the Fund or such other period as may be agreed upon between the Trustee and the Company.
