Words and Phrases - "qualified for distribution to the public"

a
85
b
44
c
76
d
50
e
38
f
31
g
18
h
14
i
73
j
2
k
2
l
32
m
55
n
25
o
38
p
79
q
3
r
76
s
89
t
46
u
15
v
9
w
22
y
2

30 November 1996 Ruling 9709793 - QUALIFIED FOR DISTRIBUTION TO THE PUBLIC

Summary Under
Tax Topics - Income Tax Regulations - Regulation 4803 - Subsection 4803(2) - Paragraph 4803(2)(a)
qualified for distribution to public if OM filed/ each RRSP annuitant included

Units of a unit trust will be "qualified for distribution to the public" if an offering memorandum has been filed with the Ontario Securities Commission in accordance with the private placement exemption in s. 72(1)(d) of the Securities Act (Ontario).

For purposes of calculating the number of beneficiaries of the unit trust, each annuitant of a group RRSP will be considered a beneficiary of the unit trust.

Words and Phrases
qualified for distribution to the public