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.
- CRA – IT 320R3 – Qualified Investments — Trusts Governed by Registered Retirement Savings Plans, Registered Education Savings Plans and Registered Retirement Income Funds