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.
5-931096
XXXXXXXXXX Adèle St-Amour
(613) 957-8953
Attention: XXXXXXXXXX
April 20, 1993
Dear XXXXXXXXXX
Re: Qualified investment in self-directed registered retirement savings plan ("RRSP")
This is in response to your letter of February 15, 1993, requesting a clarification of our letter of March 19, 1993.
In our letter, we referred to paragraph 19 of Interpretation Bulletin IT-320R2 in response to your question on foreign content. We wish to point out that the Income Tax Act was recently amended and that the bulletin should state that an RRSP which holds "small business property" may increase its investment in foreign property by the lesser of three times the "small business investment amount" and 20% of the cost amount of all property. This conforms with form T3R-IND.
We trust this is satisfactory. If you have any further questions, do not hesitate to contact us.
Yours truly,
for the 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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