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.
A-9275 D.S. Delorey (613) 995-2455
January 20, 1984
Dear Sir:
Your letter of Dacember 7, 1983 to the Departuent of Finance concerning prescribed annuity contracts has been referred to us for reply.
As you are aware, one of the conditions which must be met in order for an annuity contract to qualify as a prescribed annuity contract is that the holder must be 60 years of age or totally and permanently disabled. Whether or not a person is totally and permanently disabled is of course a question of fact. If the individual is considered to be such for purposes of the Canada Pension Plan or Quebec Pension Plan, the Department will accept this as evidence that the aforementioned condition is met. However, if the individual does not qualify to claim disability benefits under one of those plans because she has never contributed thereto, she should provide to the Department other evidence of her disability and if such evidence is considered satisfactory, the aforementioned condition will be considered to be fulfilled.
With respect to the particular client mentioned in your letter, we would be pleased to examine any submitted evidence in order to determine if she meets the "totally and permanently disabled" test referred to in regulation 304(1)(d)(i) of the Income Tax Regulations.
Yours truly,
for Director Non-Corporate Rulings Division
c.c. Al Beaton Assessing Division Reg. 304(1)(d)(i)
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