Examples of Deferred Income Plans in a sentence
In addition, the Preferred Shares would generally cease to be qualified investments for Deferred Income Plans potentially resulting in adverse consequences in accordance with the Income Tax Act.
Notwithstanding anything else contained in this Declaration of Trust, the Trust shall not make any investment, take any action or omit to take any action that would result in the Trust failing or ceasing to qualify as a “mutual fund trust” or a “registered investment” within the meaning of the Tax Act; that would result in the Trust Units being disqualified for investment by Deferred Income Plans; or that would result in CSH Trust being liable to pay tax imposed under Part XII.2 of the Tax Act.
Non-Eligibility for Investment in Deferred Income Plans Generally, a Unit will not be a qualified investment under the Tax Act for registered retirement savings plans, registered disability savings plans, registered retirement income funds, deferred profit sharing plans, registered education savings plans or tax-free savings accounts.
If certain Deferred Income Plans hold a non-qualified investment at any time during a particular year, such Deferred Income Plan will be subject to a tax under certain provisions of the Tax Act inrespect of income from such non-qualified investment.
Notwithstanding anything else containedin this Declaration of Trust, the Trust shall not make any investment, take any action or omit to take any action that would result in the Trust failing or ceasing to qualify as a “mutual fund trust” within the meaning of the Tax Act; that would result in the Trust Units being disqualified for investment by Deferred Income Plans; or that would result in InterRent Trust being liable to pay tax imposed under Part XII.2 of the Tax Act.
Eligibility for Investment by Deferred Income Plans As long as the Fund is qualified as a MIC under the Tax Act, the Shares will be qualified investments for trusts governed by a registered retirement savings plan (“RRSP”), deferred profit sharing plans, and registered retirement income funds, provided the Fund does not hold any debt of an annuitant or a related party.
In the opinion of Davies, provided that at the date of closing Cominar qualifies under the Tax Act as a “mutual fund trust” or the Cominar Units are listed on a designated stock exchange (which currently includes the TSX), then on that date the Cominar Units will be qualified investments for Deferred Income Plans.
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Deferred Income Plans (RRSPs, RRIFs, Deferred Profit Sharing Plans) A.
If certain Deferred Income Plans hold a non-qualified investment at any time during a particular year, such Deferred Income Plan will be subject to a tax under certain provisions of the Tax Act in respect of income from such non-qualified investment.