A trust that, throughout a given taxation year, is:

• a succession
• a testamentary trust that is resident in Québec on the last day of its taxation year and for which the total of the cost amounts of its property is, throughout the taxation year, less than one million dollars
• a testamentary trust that is not resident in Québec on the last day of its taxation year and for which the total of the cost amounts of its property located in Québec is, throughout its taxation year, less than one million dollars
• a unit trust
• a mutual fund trust
• an insurance segregated fund trust
• a specified investment flow-through trust
• a tax-exempt trust