Finance Recommends Relieving Changes to Prohibited Investment Rules for RRSPs, RRIFs and TFSAs. On June 12, 2012, the Department of Finance (“Finance”) sent a letter to the Joint Committee on Taxation of the Canadian Bar Association and the Canadian Institute of Chartered Accountants, in which it agreed to recommend significant relieving changes to the prohibited investment rules in Part XI.01 of the Income Tax Act (...)

type Finance Recommends Relieving Changes to Prohibited Investment Rules for RRSPs, RRIFs and TFSAs