24 October 1986 Income Tax Severed Letter 7-1076 - [XXXX Pension Plan Contribution for Past Service]

By services, 22 July, 2022
Official title
[XXXX Pension Plan Contribution for Past Service]
Language
English
Document number
Citation name
7-1076
Severed letter type
Miscellaneous
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
656709
Extra import data
{
"field_external_guid": [],
"field_proprietary_citation": [],
"field_release_date_new": "1986-10-24 08:00:00",
"field_tags": []
}
Main text
October 24, 1986
TO        SYDNEY DISTRICT OFFICE
          Enquiries and Office
            Examination Section

ATTENTION C.A. Anthony

TO        HEAD OFFICE
          Financial Industries
            Division
          B. Fioravanti
          (613) 957-2745

RE: XXXX Pension Plan Contribution for Past Service

This is in reply to your memorandum of September 8 concerning the above-captioned matter.

J.A. Szeszycki of Head Office Assessing advised us that the Halifax District Office was informed that the above- captioned plan was registered. In our telephone discussion of October 21, you stated that this information was passed on to you which enabled your office to resolve the problem. However, further to your memorandum you have requested our written conformation.

Accordingly, we confirm that, in the circumstances, XXXX is entitled to the registered pension plan contributions under paragraph 8(1)(m) of the Income Tax Act (the "Act") not exceeding the contribution limit set out in subsection 8(6) of the Act and, in addition, he is entitled to claim the $5,500 deduction for a registered retirement savings plan pursuant to paragraph 146(5)(b) of the Act.

Chief Leasing and Financing Section Financial Industries Division Rulings Directorate Legislative and Intergovernmental Affairs Branch