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.
December 22, 1989
Dear Sirs:
This is in reply to your letter dated December 4, 1989 in which you asked whether a life annuity, a fixed term annuity or a term certain annuity are qualified investments for a trust governed by a registered retirement income fund (RRIF).
Qualified investments for a RRIF are listed in paragraphs 146.3(1)(d) and 204(e) of the Income Tax Act and 4900 of the Income Tax Regulations. These provisions do not include annuities as qualified investments for a RRIF.
We trust these comments will be of assistance to you.
Yours truly,
for Director Financial Industries Division Rulings Directorate
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© Her Majesty the Queen in Right of Canada, 1989
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© Sa Majesté la Reine du Chef du Canada, 1989
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