Versions of s. 132(5.31)(a)

all of the units offered in the taxation year by a mutual fund trust are listed on a designated stock exchange in Canada and are in continuous distribution (in this subsection referred to as “ETF units”), then paragraph 132(5.3)(b) does not apply and, in computing its income for the taxation year, no deduction may be made by the trust in respect of the amount determined by the formula A − (B ÷ (C + B) × D) where A is the portion of the total of all allocated amounts for the taxation year in respect of redemptions of ETF units by beneficiaries of the trust during that year that would be, without reference to subsection 104(6), amounts paid out of the taxable capital gains of the trust, B is the lesser of the total amount paid for redemptions of the ETF units in the taxation year, and the greater of the amount determined for C, and the net asset value of the trust at the end of the previous taxation year, C is the net asset value of the trust at the end of the taxation year, and D is the amount that would be, without reference to subsection 104(6), the trust’s net taxable capital gains (as determined under subsection 104(21.3)) for the taxation year; or