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Section 233.2 | Tax Interpretations Skip to main content

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Section 233.2

Table of Contents

Subsection 233.2(1) - Definitions

Administrative Policy(1)

Subsection 233.2(1) - Definitions

Exempt Trust

Administrative Policy

19 August 2014 T.I. 2014-0527921E5 - "Exempt Trust" under s. 233.2(1)

Australian IPAC

An Australian "ipac select superwrap personal super plan" ("IPAC") was described as an Australian pension plan and the fund for which employer contributions, but not voluntary contributions, are taxed in the fund. Is an IPAC is considered an "exempt trust" such that it is exempt from being reported on Form T1135? After paraphrasing the exempt trust definition, CRA stated that "where the IPAC is a trust and meets all the conditions of an ‘exempt trust', then it would be exempt from the Form T1135 reporting."

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