25 September 2014 External T.I. 2012-0451411E5 F - Mutual Holding Corporation -- summary under Mutual Holding Corporation

Does a mutual corporation qualify as a mutual holding corporation if it holds shares of the insurance corporation indirectly? After quoting from the mutual holding corporation definition, CRA stated (TaxInterpretations translation):

[T]he legislator contemplated the direct holding and not an indirect holding of shares of the capital stock of the insurance corporation.

Topics and taglines
Topic
Income Tax Act - s. 139.1(1) - Mutual Holding Corporation
Tagline
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
311743
Words and phrases
hold
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
342339
Extra import data
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Workflow properties
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Publish with parent