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.
Dear Sirs:
This is in response to your letter of October 28 concerning a specific section of the XXX Superannuation Act.
We have reviewed the subject section of the XXX Superannuation Act (s.15(2)(b)) and are of the opinion that this section does not make provision for the direct transfer of funds to an R.R.S.P. This portion of the XXX Superannuation Act in our view only details that payments can be made by cheque to the recipient or to the recipient's bank account. In the Forest case (1980 DTC 6149) the plan text provided for an election by the person to have the amount due paid to an R.R.S.P. or an R.P.P.
A plan, without an express provision for such direct transfers, cannot permit any tax free transfers to be made by non-residents of Canada. Accordingly, we are of the opinion that your plan does not provide for a direct transfer of funds that would be exempt from the withholding tax charged by paragraph 212(1)(b) when made to non-residents of Canada.
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© Her Majesty the Queen in Right of Canada, 1980
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© Sa Majesté la Reine du Chef du Canada, 1980
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