Mutual Fund Trust Election. In respect of the first taxation year of the Trust, the Manager, on behalf of the Trust, shall elect pursuant to subsection 132(6.1) of the Tax Act that the Trust be deemed to be a “mutual fund trust” for the entire year.
Appears in 11 contracts
Samples: Trust Agreement (Sprott Physical Silver Trust), Trust Agreement (Sprott Physical Gold Trust), Trust Agreement (Sprott Physical Gold & Silver Trust)
Mutual Fund Trust Election. In respect of the first taxation year of the Trust, the Manager, on behalf of the Trust, Trust shall elect pursuant to subsection 132(6.1) of the Tax Act that the Trust be deemed to be a “mutual fund trust” for the entire year.
Appears in 5 contracts
Samples: Trust Agreement (APMEX Physical - 1 Oz. Gold Redeemable Trust), Trust Agreement (APMEX Physical - 1 Oz. Gold Redeemable Trust), Trust Agreement (APMEX Physical - 1 Oz. Gold Redeemable Trust)
