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.
| 19(1) |
File No. 5-8483 |
| |
Maureen Shea-DesRosierss |
| |
(613) 957-8953 |
August 25, 1989
Dear Sirs:
This is in reply to your letter of August 10, 1989 concerning annuities issued by 24(10 in connection with its segregated funds.
It is our opinion that as long as the deferred annuity meets the requirements of subparagraph l46(1)(i.1) of the Income Tax Act (the "Act") and is purchased from a person licensed or otherwise authorized under the laws of Canada or a province to carry on in Canada an annuities business, it would be considered a qualified investment for the purposes of subparagraph 146(1)(g)(iii) of the Act.
We trust the above comments will be of assistance to you.
Yours truly,
for DirectorFinancial Industries DivisionRulings Directorate
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© Sa Majesté la Reine du Chef du Canada, 1989
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