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:
Whether tax deferred roll between foreign pension and RPP is possible?
Position:
Yes, if certain conditions are met.
Reasons:
previously allowed
952662
XXXXXXXXXX M.P. Sarazin
Attention: XXXXXXXXXX
November 17, 1995
Dear Sirs:
Re: Transfer of Funds for Past Services from a Defined Benefit Foreign Pension Plan to a Registered Pension Plan
This is in reply to your letter of October 3, 1995, in which you ask us to confirm that the response provided in our letter (the "Letter") to you dated September 20, 1995 (file 951890) would also apply to a transfer of pension benefits from a foreign (unregistered) pension plan to a registered pension plan ("RPP") where a portion of the pension benefits is attributable to services rendered while the member was not resident in Canada.
We confirm that, provided the conditions described in the Letter are met, our response also applies to the portion of the pension benefits attributable to services rendered while the member was not resident in Canada.
Yours truly,
for Director
Financial Industries Division
Income Tax Rulings and
Interpretations Directorate
Policy and Legislation Branch
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