| 19(1) | File No. 5-8281 |
| A.B. Adler | |
| (613) 957-8962 |
July 6, 1989
Dear Sirs:
Your letter dated May 30, 1989 addressed to Mr. N. O'Donnell, Chief of Taxpayer Assistance was referred to this office for reply.
In your letter you referred generally to three specific ares of discussion with respect to the retirement compensation arrangement (RCA) rules under the Income Tax Act (Act). Further, you outlined your concerns regarding the issue of incomplete refunds under the RCA rules, and provided an example to illustrate them. In closing you requested our consideration of these issues with the view to possibly amending the current RCA rules in the Act.
Since amendments to the Act are the responsibility of the Honourable Michael H. Wilson, Minister of Finance, we will arrange to have your letter forwarded to his office for consideration.
Thank you for bringing these issues to our attention.
Yours truly,
for Director Financial Industries Division Rulings Directorate
cc: Mr. B. BrysonA/DirectorCurrent Amendments andRegulations Division