Equity Share
Administrative Policy
Qualified Investment
Paragraph (a)
See Also
Air Canada v. Min. of Fin. for B.C., [1981] 2 WWR 97 (BCCA)
Certificates of deposit, bearer deposit notes, swap deposit confirmations and bankers' acceptances were held to be "loans and advances to other...
Administrative Policy
S3-F10-C1 - Qualified Investments – RRSPs, RESPs, RRIFs, RDSPs, and TFSAs
Digital currency and FX contracts excluded
1.12 ... Digital currencies, such as Bitcoins, are not considered to be money issued by a government of...
4 May 2006 Roundtable, 2005-0161541C6 F - Placements admissibles - dépôts
As part of its response to the question as to whether a guaranteed investment certificate or term deposit denominated in Canadian or foreign...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 204 - Qualified Investment - Paragraph (b) | GIC or term deposit is a similar obligation | 94 |
| Tax Topics - Income Tax Act - Section 204 - Qualified Investment - Paragraph (f) | GIC could qualify under para. (b) or (f) | 123 |
12 October 2001 Ministerial Correspondence 2001-0099384 - RRSP QUALIFIED INVESTMENT
Following the amendment retroactive to June 27, 1999 "taxpayers may now approach a financial institution and request that dividends paid in the...
27 July 1994 External T.I. 9416565 - RRSP ENTERING INTO A SPREAD WITH OPTIONS
Where an RRSP is required to leave cash on deposit with a broker to cover the possible exercise of a call option granted by the RRSP to the option...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 146 - Subsection 146(4) | enetering into spread indicative of business | 44 |
19 May 1993 T.I. (Tax Window, No. 31, p. 5, ¶2512)
Cash on deposit by an RRSP with a broker to cover the possible exercise of a naked call option written by it would not be considered a qualified...
Articles
Singer, "RRSPs Can Invest in a Wide Range of Fixed Income Securities", Taxation of Executive Compensation and Retirement, May 1990, p. 286.
Where a deposit is negotiable or is not redeemable without capital penalty, it is regarded as a corporate obligation rather than as a deposit.
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 146 - Subsection 146(1) - Qualified Investment | 0 |
Paragraph (b)
Administrative Policy
S3-F10-C1 - Qualified Investments – RRSPs, RESPs, RRIFs, RDSPs, and TFSAs
Undivided interests in strip coupons
1.37 ... Provided the original bond is a qualified investment, both the interest-paying portion and the...
4 May 2006 Roundtable, 2005-0161541C6 F - Placements admissibles - dépôts
As part of its response to the question as to whether a guaranteed investment certificate or term deposit denominated in Canadian or foreign...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 204 - Qualified Investment - Paragraph (f) | GIC could qualify under para. (b) or (f) | 123 |
| Tax Topics - Income Tax Act - Section 204 - Qualified Investment - Paragraph (a) | not a qualifying deposit if payable outside Canada or in foreign currency | 181 |
13 May 1994 External T.I. 9409805 - RRSP QUALIFIED INVESTMENT - CROWN CORPORATION
Bonds issued by provincial crown corporations are qualified investments.
Paragraph (c)
Administrative Policy
4 April 1991 T.I. (Tax Window, No. 2, p. 26, ¶1193)
A banker's acceptance is not a "similar obligation" because it is a bill of exchange and does not evidence indebtedness of the issuer.
Articles
David W. Glicksman, Kevin Kelly, "Linked Instruments Offer Investor Attractions", Corporate Finance, Vol. XII, No. 2, p. 1182.
Paragraph (c.1)
Administrative Policy
31 January 2013 External T.I. 2012-0444371E5 - Section 204-Qualified Investment-Paragraph (c.1)
A rating provided by an affiliate or subsidiary of a listed rating agency may be considered a rating provided by the listed rating agency. For...
Paragraph (d)
Administrative Policy
S3-F10-C1 - Qualified Investments – RRSPs, RESPs, RRIFs, RDSPs, and TFSAs
Listing must be unconditional
1.20 In a new public issue of securities, the listing of the securities may be delayed for a short period of time...
27 March 2014 Ministerial Correspondence 2014-0518601M4 - Non-qualified investments held in registered plans
"In our view, the term "securities" should be given a broad application and interpreted using the ordinary meaning of the term."
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 207.04 - Subsection 207.04(2) | tax triggered when qualified investment becomes non-qualified | 108 |
15 January 2009 External T.I. 2008-0272681E5 F - Options d'achat sur devises
Regarding call and put options on currencies listed on the Montreal Exchange, CRA stated:
[S]ecurities, representing currency options listed on...
4 November 1999 External T.I. 9924305 - FOREIGN STOCK EXCHANGE INDEX UNITS
Prior to the amendments announced by Finance on 18 December 1998, WEBS qualified as shares listed a prescribed foreign stock exchange, whereas...
30 November 1996 Ruling 9716083 - AMERICAN DEPOSITARY SHARES, OPTIONS
American depositary shares would be considered to be shares for purposes of s. 7, as CRA previously had concluded that they were shares for...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 7 - Subsection 7(1.4) | 23 | |
| Tax Topics - Income Tax Act - Section 7 - Subsection 7(1) - Paragraph 7(1)(a) | 28 |
28 February 1992 T.I. (Tax Window, No. 17, p. 17, ¶1772)
Because the Canadian Over-the-Counter Automated Trading System is not a prescribed stock exchange in Canada, shares traded on this system would...
Read, "Technical Matters", 89 C.R. p. 783
A share that is "approved for listing" or that has a "conditional approval for listing" is not at that time listed on a prescribed stock exchange.
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Regulations - Regulation 4900 - Subsection 4900(1) - Paragraph 4900(1)(e) | 38 |
Paragraph (f)
Administrative Policy
4 May 2006 Roundtable, 2005-0161541C6 F - Placements admissibles - dépôts
As part of its response to the question as to whether a guaranteed investment certificate or term deposit denominated in Canadian or foreign...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 204 - Qualified Investment - Paragraph (b) | GIC or term deposit is a similar obligation | 94 |
| Tax Topics - Income Tax Act - Section 204 - Qualified Investment - Paragraph (a) | not a qualifying deposit if payable outside Canada or in foreign currency | 181 |
Paragraph (h)
Administrative Policy
23 June 1995 External T.I. 9510135 - RRSP QUALIFIED INV US INDEX SECURITY
An American Depository Receipt is a qualified investment for an RRSP because the ADR represents ownership of the underlying shares and assuming...
14 September 1994 External T.I. 9421855 - RRSP INVESTMENTS CEASE TRADE DELISTED HALTED SHARES
Where the only prescribed stock exchange on which a share is listed is outside Canada, a delisting of the share will generally cause the share to...