Exempt person

A person that is exempted from paying income tax under Part 1 of the Taxation Act or one of the following entities:

• His Majesty in right of Canada, a province or a territory;
• a trust resident in Canada or a Canadian corporation established by or arising by reason of a federal or provincial statute, the principal activities of which are to administer, manage or invest the monies of a pension fund or plan established under a federal or provincial statute;
• a trust or corporation established by or arising by reason of a federal or provincial statute with respect to a scheme or program for the compensation of workers injured in an accident in the course of their employment;
• a trust resident in Canada all the beneficiaries of which are exempt persons;
• a Canadian corporation all the shares of which are held by exempt persons;
• a Canadian corporation without capital stock all the property of which is held exclusively for the benefit of exempt persons;
• a partnership all the members of which are exempt persons;
• a mutual fund trust or corporation.