Foreign Content in RRSP


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pratickm   
Member since: Feb 04
Posts: 2831
Location: Toronto

Post ID: #PID Posted on: 14-09-07 10:43:04

Greetings,

Can anyone tell me what is the limit (fixed $ value or percentage?) for non-Canadian investment within an RRSP?

Also, do the limits apply within one given RRSP account or across all your registered investments?

In other words, if the limit is 20% (for example), can I have 1 RRSP account containing more than 20% non-Canadian investments and another containing less in such a way that the total foreign content is within prescribed limits?

Final question - does the limit apply for contributions made during the current year or your overall portfolio, including all existing RRSP investments?

Thanks.


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"Mah deah, there is much more money to be made in the destruction of civilization than in building it up."

-- Rhett Butler in "Gone with the Wind"


sudesingh   
Member since: Jul 04
Posts: 2085
Location: Toronto

Post ID: #PID Posted on: 14-09-07 11:07:08

Quote from CRA website:

The foreign property limit of 30% you were allowed for foreign property in RRSPs or RRIFs, is cancelled effective January 1, 2005. This allows more international diversification opportunities for retirement investments.

Check here: http://www.cra-arc.gc.ca/tax/individuals/topics/rrsp/contributing/foreigncontent-e.html

Having no limit, makes your other Q's redundant.


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SS
Reiki Grand Master


pratickm   
Member since: Feb 04
Posts: 2831
Location: Toronto

Post ID: #PID Posted on: 14-09-07 11:36:39

Cool, thanks.
:cheers:


-----------------------------------------------------------------
"Mah deah, there is much more money to be made in the destruction of civilization than in building it up."

-- Rhett Butler in "Gone with the Wind"




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