Subsection 204.4(1)
Administrative Policy
S3-F10-C1 - Qualified Investments – RRSPs, RESPs, RRIFs, RDSPs, FHSAs and TFSAs
Retroactive registration to Jan. 1 of application year, and maintenance until end of year following loss of status
1.27 A share or unit of a corporation or trust that is a registered investment (RI) (as defined in subsection 204.4(1)) is a qualified investment. If a registered plan acquires such shares or units before the corporation or trust becomes an RI, the shares or units can still qualify retroactive to the time of acquisition if the corporation or trust is registered as an RI before the end of the calendar year in which the shares or units are acquired. Note that the registration of an RI cannot have retroactive effect any earlier than the beginning of the calendar year in which application for registration is made. Also, if a corporation or trust loses its status as an RI, its shares or units will maintain their qualified investment status until the end of the calendar year immediately following the year in which the deregistration occurred.
Subsection 204.4(2) - Acceptance of applicant for registration
Forms
T2217 Application for Registration as a Registered Investment
Listing of requirements for registration of each category
Find below the particular type of investment for which registration is being requested in section 1 on page 1. Then indicate by ticking the applicable box(es), that the applicant meets the requirements noted below at the requested registration date and that the required documents have been provided.
A mutual fund trust
☐ An executed copy of the trust document under which the trust operates is attached; and
☐ the applicant meets the requirements of Section 4801 of the Income Tax Regulation.
A quasi-mutual fund trust
☐ An executed copy of the trust document under which the trust operates is attached; and
☐ the applicant holds only prescribed investments for the type of plan or fund for which it has applied for registration.
A pooled fund trust
☐ An executed copy of the trust document under which the trust operates is attached;
☐ the applicant meets the requirements of subparagraphs 204.4(2)(a)(vi), (vii), and (viii); and all of the property of the applicant is held in trust for the benefit of the following number of plans or funds:
- registered pension plans
- ii) deferred profit sharing plans
- iii) registered retirement savings plansiv) registered retirement income funds
A quasi-pooled fund trust
☐ An executed copy of the trust document under which the trust operates is attached;
☐ the applicant meets the requirements of subparagraph 204.4(2)(a)(viii); and
☐ the applicant holds only prescribed investments for the type of plan or fund for which it has applied for registration.
A mutual fund corporation
☐ The applicant meets the requirements of subsection 131(8).
A quasi-mutual fund corporation
☐ The applicant meets:
i) the definition of "Canadian corporation" in subsection 89(1);
ii) the requirement in subparagraph 131(8)(b);
iii) the requirement in subparagraph 131(8)(c); and
iv) the requirement in subparagraph 204.4(2)(f)(i).
☐ The applicant holds only prescribed investments for the type of plan or fund for which it has applied for registration.
An Investment corporation
☐ The applicant meets the requirements of paragraph 130(3)(a).
A quasi-investment corporation
☐ The applicant meets:
i) the definition of "Canadian corporation" in subsection 89(1);
i) the requirement in subparagraph 130(3)(a)(vii);
iii) the requirement in subparagraph 130(3)(a)(viii); and
iv) the requirement in subparagraph 204.4(2)(f)(i).
☐ the applicant holds only prescribed investments for the type of plan or fund for which it has applied for registration.
T3R1 Registered Investment Income Tax Return
Filing requirement
As the representative of a corporation or trust that has been accepted for registration as a registered investment under section 204.4, you have to complete this return every year.
You also have to complete this return for any corporation or trust whose registration has been terminated during the current or the preceding tax year.
You have to file this return no later than 90 days after the end of the tax ye
Paragraph 204.4(2)(a)
Administrative Policy
13 September 2000 External T.I. 2000-0042885 - SWAP - QUALIFIED INVESTMENTS
"A derivative agreement such as a swap is a contractual arrangement which is separate from any associated asset or liability ... which it may be designed to hedge. It is also our view that any income earned or expense incurred from the swap would not be considered to be derived from the associated assets ... . "
Subsection 204.4(4) - Suspension of revocation
Administrative Policy
6 December 1993 Income Tax Severed Letter 9328045 - Registered Investment—Mutual Fund Trust
Continued registered investment status under s. 204.4(4) applies to all terminated registered investments including a mutual fund trust whose units are described in Regulation 4900(1)(d).