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. 5-9741 |
| |
A.B. Adler |
| |
(613) 957-8962 |
March 23, 1990
Dear Sirs:
This is in reply to your letter dated March 2, 1990 in which you requested our views with respect to the application of subparagraph 8(1)(m)(ii) and subsection 8(7) of the Income Tax Act ("Act").
As indicated in paragraph 23 of Information Circular No. 70-6R we do provide written opinions on proposed transactions. However, we are prepared to provide you with our general comments.
Under existing legislation, it is our view that, in addition to the current service deduction that a teacher may claim under subparagraph 8(1)(m)(i) and 8(1) (m.1), the teacher may also claim a deduction under subparagraph 8(1)(m)(ii) of the Act of up to $3500 for a contribution to an RPP in respect of past services for a year regardless of whether the teacher was a contributor to the RPP in that previous year.
We trust that our comments will be of assistance to you.
Yours truly,
for DirectorFinancial Industries DivisionRulings Directorate
All rights reserved. Permission is granted to electronically copy and to print in hard copy for internal use only. No part of this information may be reproduced, modified, transmitted or redistributed in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, or stored in a retrieval system for any purpose other than noted above (including sales), without prior written permission of Canada Revenue Agency, Ottawa, Ontario K1A 0L5
© Her Majesty the Queen in Right of Canada, 1990
Tous droits réservés. Il est permis de copier sous forme électronique ou d'imprimer pour un usage interne seulement. Toutefois, il est interdit de reproduire, de modifier, de transmettre ou de redistributer de l'information, sous quelque forme ou par quelque moyen que ce soit, de facon électronique, méchanique, photocopies ou autre, ou par stockage dans des systèmes d'extraction ou pour tout usage autre que ceux susmentionnés (incluant pour fin commerciale), sans l'autorisation écrite préalable de l'Agence du revenu du Canada, Ottawa, Ontario K1A 0L5.
© Sa Majesté la Reine du Chef du Canada, 1990
Email this Content