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:
Tax consequences on death of non-resident annuitant of RRSP or RRIF.
Position:
Referred to law and publications on point.
Reasons:
Appears writer not aware of paragraph 212(3)(c) of Act.
XXXXXXXXXX 971707
Attention: XXXXXXXXXX
July 25, 1997
Dear Sirs:
Re: Death of a Non-Resident Annuitant
of a Registered Retirement Savings Plan
and Registered Retirement Income Fund
This is in reply to your facsimile transmissions of June 26 and June 27, 1997, concerning the application of Part XIII tax to the amount deemed to be received by an annuitant pursuant to subsections 146(8.8) and 146.3(6) of the Income Tax Act (the "Act").
As confirmed in our voice mail message (Spice) of July 11, 1997, you may wish to refer to paragraph 212(3)(c) of the Act and the comments contained in paragraphs 30 through 34 of Interpretation Bulletin IT-500R. If you have further questions after reviewing the law and the comments in the aforementioned publication, we would be pleased to respond.
Yours truly,
for Director
Financial Industries Division
Income Tax Rulings and
Interpretations Directorate
Policy and Legislation Branch
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© Her Majesty the Queen in Right of Canada, 1997
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