Income Tax Regulations — 4900
from a specified corporation; or (w) an American Depositary Receipt where the property represented by the receipt is listed on a designated stock exchange. (2) For the purposes of paragraph (c.1) of the definition qualified investment in section 204 of the Act, each of the following is a prescribed credit rating agency: (a) A.M. Best Company, Inc.; (b) DBRS Limited; (c) Fitch Ratings, Inc.; (d) Moody’s Investors Service, Inc.; (e) Standard & Poor’s Financial Services LLC; and (f) a subsidiary or affiliate of a company listed in any of paragraphs (a) to (e), to the extent that it provides credit rating services outside of Canada on behalf of the company in respect of which it is the subsidiary or affiliate. (3) For the purpose of paragraph (h) of the definition qualified investment in section 204 of the Act, a contract with a licensed annuities provider for an annuity payable to an employee who is a beneficiary under a deferred profit sharing plan beginning not later than the end of the year in which the employee attains 71 years of age, the guaranteed term of which, if any, does not exceed 15 years, is prescribed as a qualified investment for a trust governed by such a plan or revoked plan. (4) [Repealed, SOR/2001-216, s. 6] (5) For the purposes of paragraph (e) of the definition qualified investment in subsection 146.1(1) of the Act, paragraph (d) of the definition qualified investment in subsection 146.4(1) of the Act and paragraph (c) of the definition qualified investment in subsection 207.01(1) of the Act, a property is prescribed as a qualified investment for a trust governed by a FHSA, a registered disability savings plan, a registered education savings plan or a TFSA at any time if at that time the property is an interest in a trust or a share of the capital stock of a corporation that was a registered investment for a trust governed by a registered retirement savings plan during the calendar year in which that time occurs or during the preceding year. (6) Subject to subsection (9), for the purposes of paragraph (d) of the definition qualified investment in subsection 146(1) of the Act, paragraph (e) of the definition qualified investment in subsection 146.1(1) of the Act and paragraph (c) of the definition qualified investment in subsection 146.3(1) of the Act, a property is prescribed as a qualified investment for a trust governed by a registered retirement savings plan, a registered education savings plan and a registered retirement income fund at any time if at that time the property is not a prohibited investment for the trust and is (a) a share of the capital stock of an eligible corporation (as defined in subsection 5100(1)); (b) an interest of a limited partner in a small business investment limited partnership; or (c) an interest in a small business investment trust. (7) Subject to subsection (11), for the purposes of paragraph (h) of the definition qualified investment in section 204 of the Act, a property is prescribed as a qualified investment for a trust governed by a deferred profit sharing plan or revoked plan at any time if at that time the property is an interest (a) of a limited partner in a small business investment limited partnership; or (b) in a small business investment trust. (8) [Repealed, 2017, c. 33, s. 95] (9) For the purposes of subsection (6), where (a) a trust governed by a registered retirement savings plan, a registered education savings plan or a registered retirement income fund holds (i) an interest in a small business investment limited partnership, or (ii) an interest in a small business investment trust that holds a small business security (referred to in this subsection as the “designated security”) of a corporation, and (b) a person who is an annuitant, a beneficiary or a subscriber under the plan or fund is a designated shareholder of the corporation, the interest shall not be a qualified investment for the trust governed by the plan or fund unless (c) the designated security i