25 August 1989 Ruling 58483 F - Annuities Issued in Connection to Segregated Funds

By services, 18 January, 2022
Official title
Annuities Issued in Connection to Segregated Funds
Language
French
CRA tags
146(1) qualified investment
Document number
Citation name
58483
Severed letter type
Ruling
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
633144
Extra import data
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"field_external_guid": [],
"field_proprietary_citation": [],
"field_release_date_new": "1989-08-25 08:00:00",
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Main text
19(1) File No. 5-8483
  Maureen Shea-DesRosierss
  (613) 957-8953

August 25, 1989

Dear Sirs:

This is in reply to your letter of August 10, 1989 concerning annuities issued by 24(10 in connection with its segregated funds.

It is our opinion that as long as the deferred annuity meets the requirements of subparagraph l46(1)(i.1) of the Income Tax Act (the "Act") and is purchased from a person licensed or otherwise authorized under the laws of Canada or a province to carry on in Canada an annuities business, it would be considered a qualified investment for the purposes of subparagraph 146(1)(g)(iii) of the Act.

We trust the above comments will be of assistance to you.

Yours truly,

for DirectorFinancial Industries DivisionRulings Directorate