(c) the business for which the business property is used is
carried on by the defined relative or ancestor, whether alone or with others;
(d) the business is intended to be carried on by the transferee, whether alone
or with others.
(2) For subsection (1) (b) (i) —
(a) the beneficiary of the
trust is a minor, and—
(i) if the business property is used to carry on a
business of primary production—the minor is a defined relative of the person
creating the trust; or
(ii) otherwise—the minor is a descendant of the
person creating the trust; and
(b) there are no other beneficiaries of the
trust, other than a person who would become a beneficiary of the trust on the
death of the beneficiary mentioned in paragraph (a) .