Income Tax Act — I-3.3 149
 education savings plans (u) a trust governed by a registered education savings plan to the extent provided by section 146.1; Trusts under registered disability savings plans (u.1) a trust governed by a registered disability savings plan to the extent provided by section 146.4; TFSA trust (u.2) a trust governed by a TFSA to the extent provided by section 146.2; Pooled registered pension plan (u.3) a trust governed by a pooled registered pension plan to the extent provided under section 147.5; FHSA trust (u.4) a trust governed by a FHSA to the extent provided by section 146.6; Amateur athlete trust (v) an amateur athlete trust; Trusts to provide compensation (w) a trust established as required under a law of Canada or of a province in order to provide funds out of which to compensate persons for claims against an owner of a business identified in the relevant law where that owner is unwilling or unable to compensate a customer or client, if no part of the property of the trust, after payment of its proper trust expenses, is available to any person other than as a consequence of that person being a customer or client of a business so identified; Registered retirement income funds (x) a trust governed by a registered retirement income fund to the extent provided by section 146.3; Trusts to provide vacation pay (y) a trust established pursuant to the terms of a collective agreement between an employer or an association of employers and employees or their labour organization for the sole purpose of providing for the payment of vacation or holiday pay, if no part of the property of the trust, after payment of its reasonable expenses, is (i) available at any time after 1980, or (ii) paid after December 11, 1979 to any person (other than a person described in paragraph 149(1)(k)) otherwise than as a consequence of that person being an employee or an heir or legal representative thereof; Qualifying environmental trust (z) a qualifying environmental trust; Environmental Quality Act trust (z.1) a trust (i) that was created because of a requirement imposed by section 56 of the Environment Quality Act , R.S.Q., c. Q-2, (ii) that is resident in Canada, and (iii) in which the only persons that are beneficially interested are (A) Her Majesty in right of Canada, (B) Her Majesty in right of a province, or (C) a municipality (as defined in section 1 of that Act) that is exempt because of this subsection from tax under this Part on all of its taxable income; or Nuclear Fuel Waste Act trust (z.2) a trust (i) that was created because of a requirement imposed by subsection 9(1) of the Nuclear Fuel Waste Act , S.C. 2002, c. 23, (ii) that is resident in Canada, and (iii) in which the only persons that are beneficially interested are (A) Her Majesty in right of Canada, (B) Her Majesty in right of a province, (C) a nuclear energy corporation (as defined in section 2 of that Act) all the shares of the capital stock of which are owned by one or more persons described in clause (A) or (B), (D) the waste management organization established under section 6 of that Act if all the shares of its capital stock are owned by one or more nuclear energy corporations described in clause (C), or (E) Atomic Energy of Canada Limited, being the company incorporated or acquired in accordance with subsection 10(2) of the Atomic Energy Control Act , R.S.C. 1970, c. A-19. Exception (1.1) Where at a particular time (a) a corporation, commission or association (in this subsection referred to as “the entity”) would, but for this subsection, be described in any of paragraphs (1)(d) to (d.6), (b) one or more other persons (other than Her Majesty in right of Canada or a province, a municipality in Canada or a person which, at the particular time, is a person described in any of subparagraphs (1)(d) to (d.6)) have at the particular time one or more rights in equity or otherwise, either immediately or in the future and either absolutely or contingently to, or to acquire, shares or c