Excise Tax Act — E-15 123
itness or performance of tangible property, where the warranty is supplied to a person who acquires the property otherwise than for resale) that is issued by an insurer, including (i) a policy of reinsurance issued by an insurer, (ii) an annuity contract issued by an insurer, or a contract issued by an insurer that would be an annuity contract except that the payments under the contract (A) are payable on a periodic basis at intervals that are longer or shorter than one year, or (B) vary in amount depending on the value of a specified group of assets or on changes in interest rates, and (iii) a contract issued by an insurer all or part of the insurer’s reserves for which vary in amount depending on the value of a specified group of assets, (b) a policy or contract in the nature of accident and sickness insurance, whether the policy is issued, or the contract is entered into, by an insurer, and (c) a bid, performance, maintenance or payment bond issued in respect of a construction contract; ( police d’assurance ) insurer means a person who is licensed or otherwise authorized under the laws of Canada or a province to carry on in Canada an insurance business or under the laws of another jurisdiction to carry on in that other jurisdiction an insurance business; ( assureur ) inter vivos trust means a trust other than a testamentary trust; ( Version anglaise seulement ) investment limited partnership means a limited partnership, the primary purpose of which is to invest funds in property consisting primarily of financial instruments, if (a) the limited partnership is, or forms part of an arrangement or structure that is, represented or promoted as a hedge fund, investment limited partnership, mutual fund, private equity fund, venture capital fund or other similar collective investment vehicle, or (b) the total value of all interests in the limited partnership held by listed financial institutions is 50% or more of the total value of all interests in the limited partnership; ( société en commandite de placement ) invoice includes a statement of account, a bill and any other similar record, regardless of its form or characteristics, and a cash register slip or receipt; ( facture ) listed financial institution means a person referred to in paragraph 149(1)(a); ( institution financière désignée ) listed international agreement means (a) the Convention on Mutual Administrative Assistance in Tax Matters, concluded at Strasbourg on January 25, 1988, as amended from time to time by a protocol, or other international instrument, as ratified by Canada, or (b) a comprehensive tax information exchange agreement that Canada has entered into and that has effect, in respect of another country or jurisdiction; ( accord international désigné ) management or administrative service includes an asset management service; ( service de gestion ou d’administration ) master pension entity of a pension plan means a person that is not a pension entity of the pension plan and that is (a) a corporation described in paragraph 149(1)(o.2) of the Income Tax Act , one or more shares of which are owned by a pension entity of the pension plan, or (b) a trust prescribed to be a master trust for the purposes of paragraph 149(1)(o.4) of the Income Tax Act , one or more units of which are owned by a pension entity of the pension plan; ( entité de gestion principale ) master pension factor means, in respect of a pension plan for a fiscal year of a master pension entity, the amount (expressed as a percentage) determined by the formula A/B where A is the total value, on the first day of the fiscal year, of the units or shares of the master pension entity that are held by pension entities of the pension plan on that day, and B is the total value, on the first day of the fiscal year, of the units or shares of the master pension entity; ( facteur d’entité de gestion principale ) membership includes a right granted by a particular person that entitles another person to services