New tax rules for retirement plans

CIM Bulletin, Vol. 80, No. 899, 1987

ROBERT B. PARSONS, C.A., Partner Price Waterhouse, Toronto

No Canadian or his family is likely to escape the effects of proposals for pension reform tabled on October 9, 1986 by Finance Minster Michael Wilson. New tax rules are proposed for Registered Retirement Savings Plans (RRSPs), company pensions, and other forms of retirement plans. Draft legislation is expected to be released in the first half of 1987.