Assertion: financial institution's purpose | /r/HasProperty | pension entity
Facets:
Source sentences:
text: A “pension plan” is defined in subsection 123(1) and means a registered pension plan (as defined in subsection 248(1) of the ITA): that governs a person that is a trust or that is deemed to be a trust for purposes of the ITA; for which a corporation is incorporated and operated either solely for the administration of the registered pension plan, or for the administration of the registered pension plan and for no other purpose other than acting as trustee of, or administering, a trust governed by a retirement compensation arrangement (as defined in subsection 248(1) of the ITA), 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 accepted by the Minister, under subparagraph 149(1)(o.1)(ii) of the ITA, as a funding medium for the purpose of the registration of the registered pension plan; or for which a person is prescribed for the purposes of the definition “pension entity”.