Anti-avoidance rules for RRSPs and RRIFs

The existing anti-avoidance rules applicable to registered retirement savings plans (RRSPs) and registered retirement income funds (RRIFs) have been enhanced to prevent any aggressive tax planning.

The new rules largely adopt the existing tax-free savings account rules for non-qualified investments, prohibited investments and advantages, with some modifications.

The new rules impose a tax on non-qualified investments, prohibited investments and advantages provided in relation to an RRSP or RRIF.

Forms and publications

• Form RC339, Individual Return for Certain Taxes for RRSPs or RRIFs

Date modified:

2016-11-09