Martland through his Registered Retirement Income Fund
plan and 520,000 were acquired by Marpep.
No amounts are required to be reported for tax purposes in respect of cash distributions received by a Registered Retirement Savings Plan, Registered Pension Plan, Registered Retirement Income Fund
or Deferred Profit Sharing Plan or any other such registered plans ("Deferred Plans").
Persons turning age 69 in 2001 must mature their RRSP into cash, an annuity or Registered Retirement Income Fund
(RRIF) by December 31, 2001.
The self-directed plan also facilitates the transition to a registered retirement income fund
Unitholders who hold their investment in a Registered Retirement Savings Plan, Registered Retirement Income Fund
, Deferred Profit Sharing Plan, Registered Education Savings Plan or any other types of registered plans need not report any income related to trust unit distributions on their 2009 income tax return.
No amounts are to be reported on the unitholders' 2007 Income Tax Return where fund units are held within a Registered Retirement Savings Plan (RRSP), Registered Retirement Income Fund
(RRIF), Registered Education Savings Plan (RESP) or a Deferred Profit Sharing Plan (DPSP).
Since Canadian law will not allow periodic payments to be made out of an RRSP, C rolled the proceeds over into a Canadian registered retirement income fund