Income Tax Act — I-3.3 149.1
 which the charity or association engaged in conduct that can reasonably be considered to have constituted a serious breach of the requirements for registration under this Act and for which its registration was revoked in the five-year period preceding that time, (e) a promoter in respect of a tax shelter that involved a registered charity or a registered Canadian amateur athletic association, the registration of which was revoked in the five-year period preceding that time for reasons that included or were related to participation in the tax shelter, (f) a listed terrorist entity, or a member of a listed terrorist entity, (g) a director, trustee, officer or like official of a listed terrorist entity during a period in which that entity supported or engaged in terrorist activities, including a period prior to the date on which the entity became a listed terrorist entity, or (h) an individual who controlled or managed, directly or indirectly, in any manner whatever, a listed terrorist entity during a period in which that entity supported or engaged in terrorist activities, including a period prior to the date on which the entity became a listed terrorist entity; ( particulier non admissable ) listed terrorist entity , at any time, means a person, partnership, group, fund, unincorporated association or organization that is at that time a listed entity , as defined in subsection 83.01(1) of the Criminal Code ; ( entité terroriste inscrite ) material transaction of a private foundation, in respect of a class of shares of the capital stock of a corporation, means a transaction or a series of transactions or events in shares of the class, in respect of which the total fair market value of the shares of the class that are acquired or disposed of by the private foundation or any relevant person in respect of the private foundation as part of the transaction or series (determined at the time of the transaction, or at the end of the series, as the case may be) exceeds the lesser of (a) $100,000, and (b) 0.5% of the total fair market value of all of the issued and outstanding shares of the class; ( opération importante ) non-qualified investment of a private foundation means (a) a debt (other than a pledge or undertaking to make a gift) owing to the foundation by (i) a person (other than an excluded corporation) (A) who is a member, shareholder, trustee, settlor, officer, official or director of the foundation, (B) who has, or is a member of a group of persons who do not deal with each other at arm’s length who have, contributed more than 50% of the capital of the foundation, or (C) who does not deal at arm’s length with any person described in clause (A) or (B), or (ii) a corporation (other than an excluded corporation) controlled by the foundation, by any person or group of persons referred to in subparagraph (i), by the foundation and any other private foundation with which it does not deal at arm’s length or by any combination thereof, (b) a share of a class of the capital stock of a corporation (other than an excluded corporation) referred to in paragraph (a) held by the foundation (other than a share listed on a designated stock exchange or a share that would be a qualifying share within the meaning assigned by subsection 192(6) if that subsection were read without reference to the expression “issued after May 22, 1985 and before 1987”), and (c) a right held by the foundation to acquire a share referred to in paragraph (b), and, for the purpose of this definition, an excluded corporation is (d) a limited-dividend housing company to which paragraph 149(1)(n) applies, (e) a corporation all of the property of which is used by a registered charity in its administration or in carrying on its charitable activities, or (f) a corporation all of the issued shares of which are held by the foundation; ( placement non admissible ) original corporate holdings percentage of a private foundation, in respect of a class of shares of the capital sto