What's new for RRSPs

Foreign property rule

The 30% limit in respect of foreign property that can be held by deferred income plans such as registered retirement plans (RRSPs), and registered retirement income funds (RRIFs) has been eliminated.

See Foreign content for more information on the rules.

Qualified RRSP investments

Iinvestment-grade gold and silver bullion coins and bars, and certificates on these investments, are qualified investments for deferred income plans such as RRSPs and RRIFs. The gold must have a purity of at least 99.5%, and the silver a purity of at least 99.9%. The investment must be acquired either from the producer of the investment or from a regulated financial institution.

This is effective for investments made on or after February 23, 2005.

Forms and publications

• IT-320R3, Qualified Investments - Trusts Governed by Registered Retirement Savings Plans, Registered Education Savings Plans and Registered Retirement Income Funds

Related topics

• 2005 federal budget (Department of Finance Canada Web site)