Please note that the following document, although believed to be correct at the time of issue, may not represent the current position of the CRA.
Prenez note que ce document, bien qu'exact au moment émis, peut ne pas représenter la position actuelle de l'ARC.
Principal Issues: General question asking for list of qualified investments for RRSP purposes
Position: N/A
Reasons: N/A
2004-009424
XXXXXXXXXX G. Moore
(613) 957-8982
December 10, 2004
Dear XXXXXXXXXX:
Re: Qualified Investments in an Registered Retirement Savings Plan (RRSP)
This is in reply to your letter of September 9, 2004, in which you requested a list of qualified investments for an RRSP.
The kinds of property that constitute qualified investments for RRSPs are described in the definition of "qualified investment" in subsection 146(1) of the Income Tax Act (the "Act"). You indicate that you already have a copy of Interpretation Bulletin IT-320R3, Qualified Investments - Trusts Governed by Registered Retirement Savings Plans, Registered Education Savings Plans and Registered Retirement Income Funds. There is no comprehensive list of qualified investments for RRSP purposes available. However, we can confirm that investments in real estate inside or outside Canada, are not qualified investments for purposes of RRSPs.
We trust the above comments will be of assistance to you.
Yours truly,
Roxane Brazeau-LeBlond
for Director
Financial Industries Division
Income Tax Rulings Directorate
Policy and Planning Branch
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