TO- A L.M. Smith Director Communications Directorate
FROM - DE Financial Industries Division Peter K. Noack 995-0051 ATTENTION Linda Watts Audio-Visual Officer
RE Transparencies, your reference: 1452-3-1
This is in reply to your memorandum of April 29 on the above subject. We have passed the text dealing with child care expenses to the Farms, Personal and General Section, (Paul Fuoco, A/Chief) and ask them that they reply directly to you. We offer the following comments on the text for the RRSP transparencies.
RRSP
page 1 - All references to "registered pension plans" should be changed to read "pension plans". The restriction in subparagraph 146(1)(a)(i) refers to pension funds or plans, not necessarily registered plans.
We suggest to change the wording under the $7,500 heading after the second "or" to read:
"if employed by a company that has a pension plan to which the company has not contributed or will not contribute on your behalf for the year or that has a deferred profit sharing plan to which neither you nor the company has contributed in the year"
page 2 - The first note should read:
"contributions may be claimed in the previous or current year if made within 60 days after the end of the previous year"
page 4 - We suggest to replace the comments under the heading Contributions with the following:
"you may contribute to your spouse's plan, your own plan or both within your normal contribution limits"
Director Financial Industries Division Rulings Directorate Legislative and Intergovernmental Affairs Branch