Paragraph 261

Amend section 271 (other miscellaneous exemptions) as follows.

In subsection (3) for “section 519A of the Taxes Act” substitute “ section 986 of CTA 2010 ”.

In subsection (6)(b) for the words from “Association” to the end substitute “ association (in the sense that word has in section 469(1)(a) of CTA 2010) which meets conditions A and B in that section (conditions for qualifying as a scientific research association). ”