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.
5-922665
W.C. Harding
24(1) (613) 957-8953
Attention: 19(1) September 25, 1992
Dear Sirs:
Re: 19(1) This is in reply to your letter of September 3, 1992, wherein you requested our interpretation of the law as it would apply to your client's proposal to transfer an amount from his registered retirement savings plan ("RRSP") to his former spouse's RRSP pursuant to an amendment to a written separation agreement.
Since the subject of your enquiry relates to a proposed transaction, we are unable to provide you with any specific comments on the application of the law as it may apply in the situation described since confirmation of the tax implications of a proposed transaction can only be provided by this Directorate where the transactions are the subject matter of an advance income tax ruling requested in the manner set out in the Department's Information Circular 70- 6R2 (enclosed).
While we can not provide any specific comments at this time, we can provide you with the following general comments which may or may not be applicable to your case.
Whether or not an agreement, which is amended after a marriage is dissolved, will continue to be a separation agreement relating to a division of property between the transferor and his spouse or former spouse in settlement of rights arising out of their marriage for the purpose of subparagraph 146(16)(a)(ii) of the Income Tax Act will depend on all the terms of the agreement and the nature of the amendments. In general, we are of the opinion that an agreement can be amended and remain a separation agreement unless the amendment is made to effect a change in the nature of a payment.
We trust these comments will be of assistance to you.
Yours truly,
for Director Financial Industries Division Rulings Directorate
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