| 19(1) | File No. 900368 |
| A.B. Adler | |
| (613) 957-8962 |
April 19, 1990
Dear Sirs:
Your letter of March 21, 1990, addressed to the Pension and Profit Sharing Plans Section, regarding self-directed registered retirement savings plans ("RRSP") was referred to this office for reply.
Concerning your request for a complete listing of acceptable assets that may be held by a self-directed RRSP we are enclosing, for your use, relevant extracts from section 146 of the Income Tax Act ("Act") and from Parts XLIX and LI of the Income Tax Regulations ("Regulations). Enclosed also are Interpretation Bulletin No. IT-320R entitled "Registered Retirement Savings Plan - Qualified Investments" and the 1989 "Pension and RRSP Tax Guide" which contains a discussion of Self-Directed RRSPs on pages 24 and 25 of the guide and short listings on page 25 of the more common qualified investments for an RRSP.
Concerning the reporting requirements for RRSPs enclosed also are photocopies of relevant sections 214 and 221 of the Regulations and of subsections 146(6) to (16) of the Act.
Should you have specific questions concerning the above matters we suggest that you contact the relevant officials at your local district taxation office.
We trust our comments and materials will be of assistance to you.
Yours truly,
for DirectorFinancial Industries DivisionRulings Directorate