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.
TO- A L.M. Smith Director Communications Directorate
FROM - DE Financial Industries Division Peter K. Noack 995-0051 ATTENTION Linda Watts Audio-Visual Officer
RE Transparencies, your reference: 1452-3-1
This is in reply to your memorandum of April 29 on the above subject. We have passed the text dealing with child care expenses to the Farms, Personal and General Section, (Paul Fuoco, A/Chief) and ask them that they reply directly to you. We offer the following comments on the text for the RRSP transparencies.
RRSP
page 1 - All references to "registered pension plans" should be changed to read "pension plans". The restriction in subparagraph 146(1)(a)(i) refers to pension funds or plans, not necessarily registered plans.
We suggest to change the wording under the $7,500 heading after the second "or" to read:
"if employed by a company that has a pension plan to which the company has not contributed or will not contribute on your behalf for the year or that has a deferred profit sharing plan to which neither you nor the company has contributed in the year"
page 2 - The first note should read:
"contributions may be claimed in the previous or current year if made within 60 days after the end of the previous year"
page 4 - We suggest to replace the comments under the heading Contributions with the following:
"you may contribute to your spouse's plan, your own plan or both within your normal contribution limits"
Director Financial Industries Division Rulings Directorate Legislative and Intergovernmental Affairs Branch
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, 1988
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, 1988
Email this Content