The June, 2011 Canadian Federal Budget (the Budget) proposes to introduce certain rules under the Income Tax Act (Canada) relating to registered retirement savings plans (RRSPs) and registered retirement income funds (RRIFs) (collectively, Registered Plans) that previously applied only to tax-free savings accounts (TFSAs), being (a) the “advantage” rules, (b) certain “non-qualified investment” rules, and (c) the “prohibited investment” rules. (...)

type Investments in a Registered Plan — A Trap for the Unwary