What Investments Can I Hold in My RRSP, RRIF, TFSA or RESP?

by Tax Guy - Burlington Accountant on May 14, 2010 Print This Post Print This Post

Investments than can be held in an RRSP, RRIF, TFSA or RESP are called qualified investments. A qualified investment includes the following:

  • Cash – this includes money that is legal tender in Canada. Foreign currencies may also be held but not all banks and investment dealers support other currencies.
  • Gold and silver bullion and certificates acquired after February 23, 2005.
  • GIC’s / Guaranteed Investment Certificates issues by a Canadian financial institution (bank or trust company).
  • Stocks – Public and CCPC.
  • Bonds and other debt issued by companies that are listed on a prescribed stock exchange.
  • Government bonds or other debt issued by the federal or provincial governments.
  • Municipal bonds guaranteed by the federal or provincial government.
  • Bankers Acceptances
  • Exchange Traded Funds (ETF’s) if listed on prescribed stock exchange.
  • A mortgage interest in real property.
  • Your own mortgage.
  • Rights and Warrants if the underlying stocks are listed on a prescribed stock exchange.
  • Put options and call options – If the shares are listed on a prescribed stock exchange.
    • Only covered calls are allowed.
  • Certain Annuities if sold by a licensed annuities provider.
  • Mutual Funds

For more information, see the CRA’s discussion of qualified investments or speak with your financial advisor.

Foreign Content Limit

Note that for 2005 and later there are no foreign content limits on RRSP’s.

Resources

About The Tax Guy...

Dean Paley CGA CFP is a Burlington accountant and financial planner who services individuals and business owners locally, nationally and internationally. Dean has appeared in the National Post, Toronto Star and Metro News.

To find out more, visit Dean's website Dean Paley CGA CFP or connect via Twitter @DeanPaleyCGACFP.

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