18 May 1993 Administrative Letter 9312346 F - Registration of a Retirement Savings Plan

By services, 3 December, 2018
Official title
Registration of a Retirement Savings Plan
Language
French
CRA tags
146(1) retirement savings plan, 146(2)(c.3)
Document number
Citation name
9312346
Severed letter type
Administrative Letter
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
512954
Extra import data
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"field_release_date_new": "1993-05-18 08:00:00",
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Workflow properties
Workflow state
Published
Workflow changed
Main text
Registered Plans Division Financial Industries Division

Attention:  Lyne Aubin-Morisset

XXXXXXXXXX

Type of retirement savings plan

This is in reply to your request dated April 16, 1993 regarding the type of retirement savings plan accepted for registration for the purposes of section 146 of the Act.

The Loan and Trust Corporations Act of the Province of Alberta mentions that a corporation that is duly constituted or incorporated under the Laws of Alberta or of Canada or of another province may apply for initial registration as a trust corporation or a loan corporation. To the extent that XXXXXXXXXX is registered as a trust corporation, it is our view that the arrangement described in the application form submitted for review is a retirement savings plan described in clause 146(1)(j)(ii)(A).

Paragraph 146(2)(c.3) applies where a retirement savings plan involves a depositary. It is our view that paragraph 146(2)(c.3) applies to a trust corporation that is member of the Canadian Payments Association because such a trust corporation is referred as a depositary for the purposes of section 146 of the Act.

Section Chief Financing, Leasing and Plans Section Financial Industries Division