12 January 1990 Ministerial Letter 59248 F - Qualified Investment - Registered Retirement Savings Plan

By services, 18 January, 2022
Official title
Qualified Investment - Registered Retirement Savings Plan
Language
French
CRA tags
204 qualified investment, 204(e)(ix), ITR 4900(1)(b)
Document number
Citation name
59248
Severed letter type
Ministerial Letter
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
633405
Extra import data
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"field_release_date_new": "1990-01-12 07:00:00",
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Main text
19(1) File No. 5-9248
  D.S. Delorey
  (613) 957-3495

January 12, 1990

Dear Sirs:

Re:  Qualified Investment Registered Retirement Savings Plan ("RRSP")

This is in reply to your query of December 14, 1989 requesting our views

24(1)

Our Comments

A share of a corporation will represent a qualifying investment for an RRSP where it is

(a)     listed on a prescribed stock exchange in Canada (subparagraph 204(e)(iv) of the Act),

(b)     listed on a prescribed stock exchange in a country other than Canada (subparagraph 204(e)(ix) of the Act), or

(c)     a share of the capital stock of a public corporation, other than a share of a mortgage investment corporation that is not listed on a prescribed stock exchange in Canada (paragraph 4900(1)(b) of the Income Tax Regulations (the "Regulations")).

24(1)

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

Yours truly,

for DirectorFinancial Industries DivisionRulings Directorate