Unit trust income exemption and specified withholding rule clarifies tax exclusion and withholding obligations for individual unit holders. Amendment provides that resident individual unit-holders receive an exclusion from total income for distributions up to a specified exempt amount as defined by the Income-tax Act; for amounts above that sum only the exempt portion is excluded. For non-resident individual unit-holders, trusts make no tax deduction where distributions do not exceed the exempt amount, but must withhold tax from the whole distribution at a specified flat rate when distributions exceed that amount.