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.
Principal Issues:
Are Crown Corporations related
Position TAKEN:
Yes
Reasons FOR POSITION:
Routine
XXXXXXXXXX 5-943164
Attention: XXXXXXXXXX
December 16, 1994
Dear Sirs:
Re: Retiring allowance
This is in reply to your letter of December 6,1994, wherein you requested our opinion on whether certain entities are related to your current employer for the purpose of determining the amount of a retiring allowance that can be transferred into a registered retirement savings plan ("RRSP").
Further to our recent telephone conversation (XXXXXXXXXX-Harding), this will confirm our view that for the purpose of computing the amount of such a transfer, all service with the Federal Government, including service in the Armed Forces (including Reserve service), the R.C.M.P., the public service, and Crown Corporations controlled by her Majesty in right of Canada are considered employment with the same employer. However, please note that any retiring allowances previously received from the employer and rolled into an RRSP after November 12, 1981 must be taken into account in determining the maximum amount of any further retiring allowances that may be rolled into an RRSP.
The above comments are based on our understanding of the law as it applies in general and may or may not apply to the circumstances of a particular case. They do not form an advance income tax ruling and they are not binding on the Department.
Yours truly,
for Director
Financial Industries Division
Rulings Directorate
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© Her Majesty the Queen in Right of Canada, 1994
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