Chapter History S3-F10-C2, Prohibited Investments – RRSPs, RESPs, RRIFs, RDSPs and TFSAs


The purpose of a Chapter History page is to highlight any amendments to the information contained in an interpretation bulletin that is now reflected in a chapter of an income tax folio as well as to identify any subsequent amendments to a folio chapter. It outlines amendments that have been made as a result of legislative changes and proposed legislative changes, precedential court decisions, as well as new or revised interpretations of the Canada Revenue Agency (CRA).

Except as otherwise noted, all statutory references herein are references to provisions of the Income Tax Act, R.S.C., 1985, c.1 (5th Supp.), as amended and all references to a Regulation are to the Income Tax Regulations, C.R.C., c. 945, as amended.

Update October 1, 2018

General revisions have been made to the Chapter to improve readability. The following changes have also been made to the Chapter.

The Summary has been updated to include a cross-reference to new Income Tax Folio S3-F10-C3, Advantages – RRSPs, RESPs, RRIFs, RDSPs and TFSAs.

The English version of ¶2.5 has been updated to include a reference to the civil law concept of a right in the last item in the list.

¶2.35.1 and 2.35.2 have been added, and a number of paragraphs have been revised because of the extension of the prohibited investment rules to RESPs and RDSPs (added by S.C. 2017, c. 33, generally applicable after March 22, 2017).

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