Income Tax Regulations — 4900
4900 (1) 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, paragraph (c) of the definition qualified investment in subsection 146.3(1) of the Act, paragraph (d) of the definition qualified investment in subsection 146.4(1) of the Act, paragraph (h) of the definition qualified investment in section 204 of the Act and paragraph (c) of the definition qualified investment in subsection 207.01(1) of the Act, each of the following investments is prescribed as a qualified investment for a plan trust at a particular time if at that time it is (a) an interest in a trust or a share of the capital stock of a corporation that was a registered investment for the plan trust during the calendar year in which the particular time occurs or the immediately preceding year; (b) a share of the capital stock of a public corporation other than a mortgage investment corporation; (c) a share of the capital stock of a mortgage investment corporation that does not hold as part of its property at any time during the calendar year in which the particular time occurs any indebtedness, whether by way of mortgage or otherwise, of a person who is a connected person under the governing plan of the plan trust; (c.1) a bond, debenture, note or similar obligation of a public corporation other than a mortgage investment corporation; (d) a unit of a mutual fund trust; (d.1) [Repealed, 2007, c. 29, s. 32] (d.2) a unit of a trust if (i) the trust would be a mutual fund trust if Part XLVIII were read without reference to paragraph 4801(a), and (ii) there has been a lawful distribution in a province to the public of units of the trust and a prospectus, registration statement or similar document was not required under the laws of the province to be filed in respect of the distribution; (e) an option, a warrant or a similar right (each of which is, in this paragraph, referred to as the “security”) issued by a person or partnership (in this paragraph referred to as the “issuer”) that gives the holder the right to acquire, either immediately or in the future, property all of which is a qualified investment for the plan trust or to receive a cash settlement in lieu of delivery of that property, where (i) the property is (A) a share of the capital stock of, a unit of, or a debt issued by, the issuer or another person or partnership that does not, when the security is issued, deal at arm’s length with the issuer, or (B) a warrant issued by the issuer or another person or partnership that does not, when the security is issued, deal at arm’s length with the issuer, that gives the holder the right to acquire a share or unit described in clause (A), and (ii) the issuer is not a connected person under the governing plan of the plan trust; (e.01) [Repealed, 2007, c. 29, s. 32] (e.1) a share of, or deposit with, a société d’entraide économique, (f) a share of, or similar interest in a credit union; (g) a bond, debenture, note or similar obligation (in this paragraph referred to as the “obligation”) issued by, or a deposit with, a credit union that has not at any time during the calendar year in which the particular time occurs granted any benefit or privilege to a person who is a connected person under the governing plan of the plan trust, as a result of the ownership by (i) the plan trust of a share or obligation of, or a deposit with, the credit union, or (ii) a registered investment of a share or obligation of, or a deposit with, the credit union if the plan trust has invested in that registered investment, and a credit union shall be deemed to have granted a benefit or privilege to a person in a year if at any time in that year that person continues to enjoy a benefit or privilege that was granted in a prior year; (h) a bond, debenture, note or similar obligation (in this paragraph referred to as the “obligation”) issued by a cooperative