| 3-922899 | |
| 24(1) | D. S. Delorey |
| (613) 957-8953 |
Attention: 19(1)
October 9, 1992
Dear Sirs:
This is in reply to your letter of September 9, 1992, and further to our letter of September 3, 1992, concerning the registered pension plan ("RPP") of 24(1).
We agree that if an employee did not contribute to 24(1) RPP in a pre-1990 year, the applicable provision of the Income Tax Act would be paragraph 147.2(4)(b). That is, of course, provided the employee did not contribute to another RPP in the pre-1990 year and after March 27, 1988 unless the contribution was made pursuant to a written agreement entered into before March 28, 1988.
We trust our comments are of assistance.
Yours truly,
for DirectorFinancial Industries DivisionRulings Directorate