The 2005 federal budget proposes to repeal the foreign property rule effective as of this year. This rule, which was introduced in 1971, limits the amount of foreign property that pension funds and other tax-deferred retirement plans can hold. If the budget becomes law, the elimination of the foreign property rule will have a huge impact on the Canadian investment management industry.

type Investment Management and Tax Groups - Q&A Session on Foreign Property Limits in the Recent Federal Budget