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.
24(1) 5-900700
D.S. Delorey
613-957-3495Attention: 19(1) EACC 9104
May 30, 1990
Dear Sirs:
This is in reply to your letter of May 3, 1990 concerning payments made under a registered retirement income fund ("RRIF") to a person resident in Ireland.
Where an RRIF arrangement is such that the minimum amount described in paragraph 146.3(1)(b.1) of the Income Tax Act will be paid over a number of years to age 90, it is our view that the minimum amount paid each year will represent an annuity for the purpose of Article XI of the Canada - Ireland Income Tax Agreement. Where the arrangement is otherwise, we are not prepared to consider the matter other than on a case-by-case basis having knowledge of the all the facts. Such consideration would be done by the relevant district office where the transaction is proposed.
We trust our comments are of assistance.
Yours truly, for Director Financial Industries Division Rulings Directorate Legislative and Intergovernmental Affairs Branch
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