Marginal note:Application of s. 127.5
127.55 Section 127.5 does not apply in respect of
(a) a return of income of an individual filed under subsection 70(2), paragraph 104(23)(d) or 128(2)(e) or subsection 150(4);
(b) [Repealed, 2001, c. 17, s. 121(1)]
(c) an individual for the taxation year in which the individual dies;
(d) an individual for the 1986 taxation year if the individual dies in 1987;
(e) a trust described in paragraph 104(4)(a) or (a.1) for its taxation year that includes the day determined in respect of the trust under that paragraph; and
(f) a taxation year of a trust throughout which the trust is
(i) a related segregated fund trust (within the meaning assigned by paragraph 138.1(1)(a)),
(ii) a mutual fund trust, or
(iii) a trust prescribed to be a master trust.
- [NOTE: Application provisions are not included in the consolidated text
- see relevant amending Acts and regulations.]
- R.S., 1985, c. 1 (5th Supp.), s. 127.55
- 1994, c. 7, Sch. II, s. 107, Sch. VIII, s. 71
- 1998, c. 19, s. 151
- 2001, c. 17, s. 121
- Date modified: