TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

POOLED INCOME FUND [1 record]

Filter results by subject field Alphabetical list of terms

Filter results by subject field

Alphabetical list of terms

Record 1 2007-12-06

English

Subject field(s)
  • Commercial and Other Bodies (Law)
  • Law of Trusts (common law)
DEF

A type of mutual fund comprised of gifts that are pooled and invested together. Income from the fund is distributed to both the fund's participants and named beneficiaries according to their share of the fund.

OBS

Basically, a pooled income fund allows you to do three things: 1) ensure a perpetual income, 2) claim a current tax deduction and 3) make a future gift to charity.

French

Domaine(s)
  • Organismes commerciaux ou non (Droit)
  • Droit des fiducies (common law)
DEF

Type de fiducie résiduaire de bienfaisance aux États-Unis où les contributions des donateurs sont regroupées et où chaque bénéficiaire reçoit au prorata une part des revenus nets.

Spanish

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© Public Services and Procurement Canada, 2024
TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
A product of the Translation Bureau

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