20 November 1992 External T.I. 9232655 F - Insured RRSP - Qualified Investment

By services, 7 July, 2022
Official title
Insured RRSP - Qualified Investment
Language
French
CRA tags
146(1) qualified investment, 206(1) foreign property
Document number
Citation name
9232655
Severed letter type
Technical Interpretation - External
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
650274
Extra import data
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"field_external_guid": [],
"field_proprietary_citation": [],
"field_release_date_new": "1992-11-20 07:00:00",
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Main text
  5-923265
24(1) D.S. Delorey
  (613) 957-8953

Attention:  19(1)

November 20, 1992

Dear Sirs:

This is in reply to your letter of October 23, 1992 concerning the qualified investment and foreign property rules relating to a registered retirement savings plan ("RRSP").

It is our view that paragraph 146(1)(g) and subsection 206(1) of the Income Tax Act (the "Act") do not apply to an "insured plan"; i.e., an RRSP that is a contract described in subparagraph 146(1)(j)(i) of the Act.

Our comments are an expression of opinion only and are not binding on the Department as explained in paragraph 21 of Information Circular 70-6R2.  We trust, however, that they are of assistance.

Yours truly,

for DirectorFinancial Industries DivisionRulings Directorate