Does the definition of the definition apply where a public foundation has a single trustee?

Canada (Federal), Canada

The following excerpt is from Sheldon Inwentash and Lynn Factor Charitable Foundation v. Canada, 2012 FCA 136 (CanLII):

Second, in oral argument counsel for the appellant submitted that certain parts of the definition should be read out or not apply where a public foundation has a single trustee. This submission is, however, contrary to the principle of statutory interpretation that every word found in a statute is supposed to have a meaning. Courts are to avoid adopting interpretations that render any portion of the statute meaningless or mere surplusage (Winters v. Legal Services Society, 1999 CanLII 656 (SCC), [1999] 3 S.C.R. 160 at paragraph 48).

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