Income Tax Act — I-3.3 149
 37(1)(a)(ii)(A) or 37(1)(a)(ii)(B) to be used for scientific research and experimental development, and the total of which is not less than 90% of the amount, if any, by which the corporation’s gross revenue for the period exceeds the total of all amounts paid in the period by the corporation because of subsection 149(7.1); Labour organizations (k) a labour organization or society or a benevolent or fraternal benefit society or order; Non-profit organizations (l) a club, society or association that, in the opinion of the Minister, was not a charity within the meaning assigned by subsection 149.1(1) and that was organized and operated exclusively for social welfare, civic improvement, pleasure or recreation or for any other purpose except profit, no part of the income of which was payable to, or was otherwise available for the personal benefit of, any proprietor, member or shareholder thereof unless the proprietor, member or shareholder was a club, society or association the primary purpose and function of which was the promotion of amateur athletics in Canada; Mutual insurance corporations (m) a mutual insurance corporation that received its premiums wholly from the insurance of churches, schools or other charitable organizations; Housing companies (n) a limited-dividend housing company (within the meaning of that expression as defined in section 2 of the National Housing Act ), all or substantially all of the business of which is the construction, holding or management of low-rental housing projects; Pension trusts (o) a trust governed by a registered pension plan; Pension corporations (o.1) a corporation (i) incorporated and operated throughout the period either (A) solely for the administration of a registered pension plan, or (B) for the administration of a registered pension plan and for no other purpose other than acting as trustee of, or administering, a trust governed by a retirement compensation arrangement, where the terms of the arrangement provide for benefits only in respect of individuals who are provided with benefits under the registered pension plan, and (ii) accepted by the Minister as a funding medium for the purpose of the registration of the pension plan; Idem (o.2) a corporation (i) incorporated before November 17, 1978 solely in connection with, or for the administration of, a registered pension plan, (ii) that has at all times since the later of November 16, 1978 and the date on which it was incorporated (A) limited its activities to (I) acquiring, holding, maintaining, improving, leasing or managing capital property that is real property or an interest in real property — or immovables or a real right in immovables — owned by the corporation, another corporation described by this subparagraph and subparagraph (iv) or a registered pension plan, and (II) investing its funds in a partnership that limits its activities to acquiring, holding, maintaining, improving, leasing or managing capital property that is real property or an interest in real property — or immovables or a real right in immovables — owned by the partnership, (B) made no investments other than in real property or an interest in real property — or immovables or a real right in immovables — or investments that a pension plan is permitted to make under the Pension Benefits Standards Act, 1985 or a similar law of a province, and (C) borrowed money solely for the purpose of earning income from real property or an interest in real property or from immovables or a real right in immovables, (ii.1) that throughout the period (A) limited its activities to (I) acquiring Canadian resource properties by purchase or by incurring Canadian exploration expense or Canadian development expense, or (II) holding, exploring, developing, maintaining, improving, managing, operating or disposing of its Canadian resource properties, (B) made no investments other than in (I) Canadian resource properties, (II) property to be used in connection with Canadian resource