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.
5-911673 24(1)
Dear Sirs:
Re: RRSP Incentives
We are writing in reply to your letter of June 14, 1991, in which you express concern about incentives offered by financial institutions to attract RRSP depositors.
In your view such incentives confuse consumers and increase the administrative costs for financial institutions who transfer RRSP's to other institutions who are offering special incentives for new RRSP customers.
We appreciate your concerns and thank you for bringing them to our attention. They will be given due consideration in future reviews concerning this topic.
Yours truly,
for DirectorFinancial Industries DivisionRulings Directorate
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© Her Majesty the Queen in Right of Canada, 1991
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