Income Tax Act — I-3.3 146.1
payment of trustee and administration charges) is irrevocably held for any of the purposes described in the definition trust in subsection 146.1(1) by a corporation licensed or otherwise authorized under the laws of Canada or a province to carry on in Canada the business of offering to the public its services as a trustee; (b) at the time of the application by the promoter for registration of the plan, there are not fewer than 150 plans entered into with the promoter each of which complied, at the time it was entered into, with all the other conditions set out in this subsection, as it read at that time; (b.1) application for registration of the plan is made by the promoter in prescribed form containing prescribed information; (c) the promoter and all trusts governed by the plan are resident in Canada; (d) the plan does not allow for any payment before 1998 to a subscriber, other than a refund of payments, unless the subscriber is also the beneficiary under the plan; (d.1) subject to subsection (2.2), if the plan allows accumulated income payments, the plan provides that an accumulated income payment is permitted to be made only if (i) the payment is made to, or on behalf of, a subscriber under the plan who is resident in Canada when the payment is made, (ii) the payment is not made jointly to, or on behalf of, more than one subscriber, and (iii) any of (A) the payment is made after the 9th year that follows the year in which the plan was entered into and each individ­ual (other than a deceased individual) who is or was a beneficiary under the plan has attained 21 years of age before the payment is made and is not, when the payment is made, eligible under the plan to receive an educational assistance payment, (B) the payment is made in the year in which the plan is required to be terminated in accordance with paragraph (i), or (C) each individual who was a beneficiary under the plan is deceased when the payment is made; (e) the plan is substantially similar to the type of plan described in or annexed to a prospectus filed by the promoter with a securities commission in Canada or a body performing a similar function in a province; (f) in the event that a trust governed by the plan is terminated, the property held by the trust is required to be used for any of the purposes described in the definition trust in subsection 146.1(1); (g) the plan does not allow for the payment of educational assistance payments before 1997 to an individual unless the individual is, at the time the payment is made, a student in full-time attendance at a post-secondary educational institution and enrolled in a qualifying educational program at the institution; (g.1) the plan does not allow for the payment of an educational assistance payment to or for an individual at any time after 1996 unless (i) either (A) the individual is, at that time, enrolled as a student in a qualifying educational program at a post-secondary educational institution, or (B) the individual has, before that time, attained the age of 16 years and is, at that time, enrolled as a student in a specified educational program at a post-secondary educational institution, and (ii) either (A) the individual satisfies, at that time, the condition set out in clause (i)(A), and (I) has satisfied that condition throughout at least 13 consecutive weeks in the 12-month period that ends at that time, or (II) the total of the payment and all other educational assistance payments made under a registered education savings plan of the promoter to or for the individual in the 12-month period that ends at that time does not exceed $8,000 or any greater amount that the Minister designated for the purpose of the Canada Education Savings Act approves in writing with respect to the individual, or (B) the individual satisfies, at that time, the condition set out in clause (i)(B) and the total of the payment and all other educational assistance payments made under a registered education savings plan of the