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. 5-9277 |
| |
D. Duff |
| |
(613) 957-3498 |
January 25, 1990
Dear Sirs:
This is in reply to your letter of December 15, 1989, wherein you requested our interpretation of whether or not a lump sum withdrawal from a Registered Retirement Savings Plan (RRSP) by a United Kingdom resident would be exempt from tax in Canada pursuant to Article XVII of the Canada-U.K. Tax Convention.
It is our position that a full or partial lump sum withdrawal from a RRSP would not be considered a pension for purposes of Article XVII(1) of the Canada-U.K. Tax Convention and, consequently, would not be exempt from tax in Canada pursuant to that Article.
We trust our 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, 1990
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