22 December 1989 Administrative Letter 59176 F - Annuities Considered Qualified RRIF Investments

By services, 18 January, 2022
Official title
Annuities Considered Qualified RRIF Investments
Language
French
CRA tags
146.3(1) qualified investment, 204 qualified investment, ITR 4900
Document number
Citation name
59176
Severed letter type
Administrative Letter
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
630732
Extra import data
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"field_release_date_new": "1989-12-22 07:00:00",
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Main text
19(1) 5-9176
  D. Duff
  (613) 957-3498

December 22, 1989

Dear Sirs:

This is in reply to your letter dated December 4, 1989 in which you asked whether a life annuity, a fixed term annuity or a term certain annuity are qualified investments for a trust governed by a registered retirement income fund (RRIF).

Qualified investments for a RRIF are listed in paragraphs 146.3(1)(d) and 204(e) of the Income Tax Act and 4900 of the Income Tax Regulations.  These provisions do not include annuities as qualified investments for a RRIF.

We trust these comments will be of assistance to you.

Yours truly,

for DirectorFinancial Industries DivisionRulings Directorate