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.
XXXX Peter K. Noack (613)957-8963
February 17, 1988
Dear Sirs:
We reply to your letter of January 22 concerning the maximum amount of contributions to RRSPs that may be claimed by Canadian residents who are members of a foreign pension plan that is not registered for the purpose of the Income Tax Act (Act).
We agree that in the above circumstances, paragraph 146(5)(a) of the Act would apply to restrict the amount of contributions that may be deducted from the contributor's income. Since contributions made to an unregistered pension plan are not deductible under paragraph 8(1)(m) of the Act, they do not reduce amounts that would otherwise be deductible under paragraph 146(5)(a) of the Act.
Yours truly,
for Director Financial Industries Division Rulings Directorate
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© Her Majesty the Queen in Right of Canada, 1988
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© Sa Majesté la Reine du Chef du Canada, 1988
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