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.
Please note that the following document, although believed to be correct at the time of issue, may not represent the current position of the Department. Prenez note que ce document, bien qu'exact au moment émis, peut ne pas représenter la position actuelle du ministère.
5-931027
XXXXXXXXXX D. S. Delorey
(613) 957-8953
Attention: XXXXXXXXXX
May 5, 1993
Dear Madam/Sir:
This is in reply to your letter of April 5, 1993 concerning the transfer of property from one registered pension plan to another such plan.
We note that your enquiry relates to a completed transaction. As indicated in paragraph 21 of Information Circular 70-6R2, such enquiries should be sent to the relevant District Taxation Office. The following comments are therefore of a general nature only.
The position in paragraph 7 of Interpretation Bulletin IT-412R concerns the transfer of a self-administered registered retirement savings plan from one trustee to another. In our view, this is substantially different than the merger of two pension plans. Nevertheless, all the facts would have to be reviewed to determine if there has been a disposition/acquisition of property where such a merger is involved.
We regret that we could not be of more assistance.
Yours truly,
for Director Financial Industries Division Rulings Directorate
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© Her Majesty the Queen in Right of Canada, 1993
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© Sa Majesté la Reine du Chef du Canada, 1993
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