﻿<?xml version="1.0" encoding="utf-8"?><Regulation lims:pit-date="2006-03-22" lims:lastAmendedDate="2006-03-22" lims:current-date="2019-06-21" lims:inforce-start-date="2006-03-22" lims:fid="561816" lims:id="561816" regulation-type="SOR" xml:lang="en" xmlns:lims="http://justice.gc.ca/lims"><Identification lims:inforce-start-date="2006-03-22" lims:fid="561817" lims:id="561817"><InstrumentNumber>C.R.C., c. 770</InstrumentNumber><ConsolidationDate lims:inforce-start-date="2006-03-22"><Date><YYYY>2019</YYYY><MM>6</MM><DD>22</DD></Date></ConsolidationDate><EnablingAuthority lims:inforce-start-date="2006-03-22" lims:fid="561819" lims:id="561819"><XRefExternal reference-type="act" link="F-11">FINANCIAL ADMINISTRATION ACT</XRefExternal></EnablingAuthority><ShortTitle lims:inforce-start-date="2006-03-22" lims:fid="561820" lims:id="561820">I.O.S. Income Tax Remission Order</ShortTitle><LongTitle lims:inforce-start-date="2006-03-22" lims:fid="561821" lims:id="561821">Order Respecting the Remission of Income Tax to I.O.S. Ltd. and to Certain Other Taxpayers</LongTitle></Identification><Body lims:inforce-start-date="2006-03-22" lims:fid="561822" lims:id="561822"><Heading lims:inforce-start-date="2006-03-22" lims:fid="561823" lims:id="561823" level="1"><TitleText>Short Title</TitleText></Heading><Section lims:inforce-start-date="2006-03-22" lims:lastAmendedDate="2006-03-22" lims:fid="561824" lims:id="561824"><Label>1</Label><Text>This Order may be cited as the <XRefExternal reference-type="regulation" link="C.R.C.,_c._770">I.O.S. Income Tax Remission Order</XRefExternal>.</Text></Section><Heading lims:inforce-start-date="2006-03-22" lims:fid="561825" lims:id="561825" level="1"><TitleText>Interpretation</TitleText></Heading><Section lims:inforce-start-date="2006-03-22" lims:lastAmendedDate="2006-03-22" lims:fid="561826" lims:id="561826"><Label>2</Label><Subsection lims:inforce-start-date="2006-03-22" lims:fid="561827" lims:id="561827"><Label>(1)</Label><Text>In this Order,</Text><Definition lims:inforce-start-date="2006-03-22" lims:fid="561828" lims:id="561828" generate-in-text="no"><Text><DefinedTermEn>Act</DefinedTermEn> means the <XRefExternal reference-type="act" link="I-3.3">Income Tax Act</XRefExternal>; (<DefinedTermFr>Loi</DefinedTermFr>)</Text></Definition><Definition lims:inforce-start-date="2006-03-22" lims:fid="561829" lims:id="561829" generate-in-text="no"><Text><DefinedTermEn>I.O.S.</DefinedTermEn> means</Text><Paragraph lims:inforce-start-date="2006-03-22" lims:fid="561830" lims:id="561830"><Label>(a)</Label><Text>I.O.S. Ltd.,</Text></Paragraph><Paragraph lims:inforce-start-date="2006-03-22" lims:fid="561831" lims:id="561831"><Label>(b)</Label><Text>any corporation, trust, legal or other entity directly or indirectly controlled by or affiliated with I.O.S. as of July 29, 1973, or subsequent thereto or hereafter, including the following:</Text><Subparagraph lims:inforce-start-date="2006-03-22" lims:fid="561832" lims:id="561832"><Label>(i)</Label><Text>Fund of Funds Limited,</Text></Subparagraph><Subparagraph lims:inforce-start-date="2006-03-22" lims:fid="561833" lims:id="561833"><Label>(ii)</Label><Text>I.O.S. Growth Fund Limited,</Text></Subparagraph><Subparagraph lims:inforce-start-date="2006-03-22" lims:fid="561834" lims:id="561834"><Label>(iii)</Label><Text>Fund of Funds Sterling Limited,</Text></Subparagraph><Subparagraph lims:inforce-start-date="2006-03-22" lims:fid="561835" lims:id="561835"><Label>(iv)</Label><Text>I.I.T., an International Investment Trust, and</Text></Subparagraph><Subparagraph lims:inforce-start-date="2006-03-22" lims:fid="561836" lims:id="561836"><Label>(v)</Label><Text>Investment Properties International Limited, and</Text></Subparagraph></Paragraph><Paragraph lims:inforce-start-date="2006-03-22" lims:fid="561837" lims:id="561837"><Label>(c)</Label><Text>any corporation, trust, legal or other entity now existing or hereafter created by law or otherwise that acquires the assets of any corporation, trust or affiliate or other entity referred to in paragraph (b); (<DefinedTermFr>I.O.S.</DefinedTermFr>)</Text></Paragraph></Definition><Definition lims:inforce-start-date="2006-03-22" lims:fid="561838" lims:id="561838" generate-in-text="no"><Text><DefinedTermEn>liquidator</DefinedTermEn> means</Text><Paragraph lims:inforce-start-date="2006-03-22" lims:fid="561839" lims:id="561839"><Label>(a)</Label><Text>any person appointed under the laws of Canada or a province as a liquidator, receiver or trustee of I.O.S.,</Text></Paragraph><Paragraph lims:inforce-start-date="2006-03-22" lims:fid="561840" lims:id="561840"><Label>(b)</Label><Text>any person, including a director, officer, employee or agent of a corporation, trust, legal or other entity referred to in paragraphs (b) and (c) of the definition “I.O.S.”, appointed by a liquidator who acts as agent or trustee on behalf of any liquidator, receiver or trustee referred to in paragraph (a), and</Text></Paragraph><Paragraph lims:inforce-start-date="2006-03-22" lims:fid="561841" lims:id="561841"><Label>(c)</Label><Text>any person, ordinarily resident in Canada, who acts as agent or trustee on behalf of any liquidator, receiver of trustee of I.O.S. other than a liquidator, receiver or trustee referred to in paragraph (a). (<DefinedTermFr>liquidateur</DefinedTermFr>)</Text></Paragraph></Definition></Subsection><Subsection lims:inforce-start-date="2006-03-22" lims:fid="561842" lims:id="561842"><Label>(2)</Label><Text>Unless otherwise provided in this Order, words and expressions used in this Order have the same meaning as in the <XRefExternal reference-type="act" link="I-3.3">Income Tax Act</XRefExternal>.</Text></Subsection></Section><Heading lims:inforce-start-date="2006-03-22" lims:fid="561843" lims:id="561843" level="1"><TitleText>Remission</TitleText></Heading><Section lims:inforce-start-date="2006-03-22" lims:lastAmendedDate="2006-03-22" lims:fid="561844" lims:id="561844"><Label>3</Label><Text>Remission is hereby granted to I.O.S., any shareholder or unitholder of I.O.S. or to any other person, before payment thereof has been made and before liability therefor arises, of all taxes exigible under the Act that otherwise have or may become payable by I.O.S. or by that shareholder or unitholder or by that person, by reason only of</Text><Paragraph lims:inforce-start-date="2006-03-22" lims:fid="561845" lims:id="561845"><Label>(a)</Label><Text>the appointment of a liquidator to manage I.O.S.; or</Text></Paragraph><Paragraph lims:inforce-start-date="2006-03-22" lims:fid="561846" lims:id="561846"><Label>(b)</Label><Text>the exercise of control over I.O.S. or the taking of any other action in respect of I.O.S. by a liquidator.</Text></Paragraph></Section></Body></Regulation>